Chad is sixteen years old.He went to a local used-car dealership and looked at an automobile.The salesperson never asked Chad his age,nor asked for identification.Chad agreed to purchase the vehicle,and then shortly thereafter changed his mind.What is the status of the contract with respect to Chad?

Question

Quizplus · Accepted Answer

As Chad is a minor, he is not legally capable of entering into contracts. However, he did agree to purchase the vehicle, which creates a voidable contract. Chad has the option of either affirming the contract or disaffirming it.

Chad Is Sixteen Years Old