Eli,a minor,buys an automobile insurance policy from Faithful Insurance Company and pays a $1,000 pre-mi-um.If Eli can disaffirm the contract,he can most likely recover
A)$500.
B)$1,000.
C)$1,500.
D)nothing.

Question

Quizplus · Accepted Answer

If Eli disaffirms the contract, he can recover the entire premium of $1,000. As a minor, he has the power to disaffirm the contract and void it from the beginning. Therefore, he is entitled to recover the full amount of consideration paid by him.

Eli,a Minor,buys an Automobile Insurance Policy from Faithful Insurance Company