Sixteen-year-old Frank bought a video game console from John for $150.Frank is a minor,while John is a competent adult.A month later,the console started malfunctioning on its own.Frank returned the console to John.If Frank disaffirms his contract with John for buying the console,which of the following will be considered true?
A) John is not bound by the contract anymore as the exchange has been completed.
B) Frank can reclaim full refund of the amount he paid.
C) Frank can only ask for full refund once he has reached the age of majority.
D) Frank is legally obligated to fix the console before returning it to John before claiming full refund.

Question

Quizplus · Accepted Answer

As Frank is a minor, he has the right to disaffirm the contract with John. This means that the contract is voidable at Frank's option, and he can receive a full refund of the amount paid for the console. John cannot argue that the exchange has been completed, as this does not apply in the case of a minor. Frank does not have to wait until he reaches the age of majority to ask for a refund. He also does not have a legal obligation to fix the console before returning it to John.

Sixteen-Year-Old Frank Bought a Video Game Console from John for $150.Frank