Bob Gates, aged 16, looks 19. He is also mentally incompetent, but it is not obvious that he is. Bob buys a top of the line computer from a salesperson, who has no idea that he is under age and incompetent. Bob paid $3,800 cash for the computer. On what grounds can Bob cancel the contract?
A)Mental incompetency alone
B)Because he is a minor
C)Because he paid cash for the computer
D)Both A and B
E)A, B and C

Question

Quizplus · Accepted Answer

The Answer of Bob Gates, aged 16, looks 19. He is also mentally incompetent, but it is not obvious that he is. Bob buys a top of the line computer from a salesperson, who has no idea that he is under age and incompetent. Bob paid $3,800 cash for the computer. On what grounds can Bob cancel the contract?
A)Mental incompetency alone
B)Because he is a minor
C)Because he paid cash for the computer
D)Both A and B
E)A, B and C

Bob Gates, Aged 16, Looks 19