Olivia,a minor,signs a contract to buy a bike from Phil,the owner of SuperCycles Bike Store.Olivia's right to disaffirm the contract
A)does not change the fact that Phil is bound by the contract.
B)does not yet exist because Olivia is still a minor.
C)gives Phil,an adult,the right to disaffirm the contract.
D)is not valid because a bike is a "necessary."

Question

Quizplus · Accepted Answer

In most jurisdictions, a minor can disaffirm a contract, but the adult party (Phil) is still bound by the contract unless the minor chooses to disaffirm it.

Olivia,a Minor,signs a Contract to Buy a Bike from Phil,the