Percy,age 17,purchased a used mobile home from a mobile home dealer for $20,000.This price,however,was twice the reasonable value of the mobile home.One month later,Percy wishes to disaffirm the contract.If the mobile home is considered a necessary,then:
A) Percy can disaffirm the contract based on the wrongful act of the dealer.
B) Percy can disaffirm the contract because the minor can live in an apartment rather than a mobile home.
C) Percy may keep the mobile home but is only liable for the reasonable value of the mobile home.
D) Percy must keep the mobile home and abide by the original terms of the contract.

Question

Quizplus · Accepted Answer

Since the mobile home is considered a necessary, Percy can disaffirm the contract, but he may keep the mobile home and is only liable for the reasonable value of the mobile home. In this case, since the reasonable value is half the purchase price, Percy would only be liable for $10,000 instead of $20,000.

Percy,age 17,purchased a Used Mobile Home from a Mobile Home