In May, Joey, a 17-year-old, enters into a contract to factory order a car. He gives the dealer a $2,000 deposit. The car will be delivered in September. Joey reached the age of majority in July. He took no action. Is he bound by the contract and required to take delivery of the car in September?
A) Yes, it remains binding unless repudiated within a reasonable time of attaining the age of majority.
B) Yes, it remains binding unless ratified within a reasonable time of attaining the age of majority.
C) No, it is not binding unless repudiated within a reasonable time of attaining the age of majority.
D) No, it is not binding unless ratified within a reasonable time of attaining the age of majority.
E) No, it is not binding. It is automatically repudiated upon a minor attaining the age of majority

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The Answer of In May, Joey, a 17-year-old, enters into a contract to factory order a car. He gives the dealer a $2,000 deposit. The car will be delivered in September. Joey reached the age of majority in July. He took no action. Is he bound by the contract and required to take delivery of the car in September?
A) Yes, it remains binding unless repudiated within a reasonable time of attaining the age of majority.
B) Yes, it remains binding unless ratified within a reasonable time of attaining the age of majority.
C) No, it is not binding unless repudiated within a reasonable time of attaining the age of majority.
D) No, it is not binding unless ratified within a reasonable time of attaining the age of majority.
E) No, it is not binding. It is automatically repudiated upon a minor attaining the age of majority

In May, Joey, a 17-Year-Old, Enters into a Contract to Factory