Kathy purchased a used car from Mint Motors,Inc.on her sixteenth birthday and will be making 48 monthly payments to Mint.Thirteen months later,the car was stolen and was never recovered.Which of the following statements is correct?

Question

Quizplus · Accepted Answer

As a minor, Kathy has the legal right to disaffirm the contract. The theft of the car does not automatically ratify the contract, as it was beyond Kathy's control. The fact that Kathy drove the car for thirteen months does not constitute ratification, as it is necessary for a minor to clearly and explicitly affirm the contract. Option D also is not correct because even if Kathy ratified the contract, it would not prevent her from disaffirming it after the theft. Option E is not correct since there is no legal penalty for dealing with a minor, as long as the contract is not for illegal or harmful purposes.

Kathy Purchased a Used Car from Mint Motors,Inc