A minor can disaffirm a contract if:

a. he or she has not ratified the contract on reaching majority.

b. the contract is for real estate.

c. he or she has given a false statement about his or her age.

d. he or she has not returned the adult to status quo first.

Question

Johnny Nichols

Business

13 November, 13:59

A minor can disaffirm a contract if:

a. he or she has not ratified the contract on reaching majority.

b. the contract is for real estate.

c. he or she has given a false statement about his or her age.

d. he or she has not returned the adult to status quo first.

+2

Answers (1)

Know the Answer?

Jovani Davila · Answer 1

a. he or she has not ratified the contract on reaching majority.

Explanation:

Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.

In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.

Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.

A minor can disaffirm a contract if:a. he or she has not ratified the contract on reaching majority.b. the contract is for real estate.c. he or she has given a false statement about his or her age.d. he or she has not returned the adult to status quo first.

A minor can disaffirm a contract if:

a. he or she has not ratified the contract on reaching majority.

b. the contract is for real estate.

c. he or she has given a false statement about his or her age.

d. he or she has not returned the adult to status quo first.