A minor,unable to live at home,contracts to rent an apartment for one year at $600 per month.After living there for three months,he disaffirms the contract.The reasonable value of that apartment was only $500 per month.Assuming no rent has been paid,the minor must pay which of the following?

Question

Quizplus · Accepted Answer

When a minor disaffirms a contract, they are released from any obligations under the contract. However, they may still be responsible for the reasonable value of any goods or services received before disaffirming the contract. In this case, the minor lived in the apartment for three months and would be responsible for paying the reasonable value of the apartment during that time, which is $500 per month. Therefore, the minor must pay $1,500 ($500 per month for three months). Option A is incorrect because the minor is still responsible for the reasonable value of the apartment for the time they lived there. Option B is incorrect because the contract rate is not relevant after disaffirming the contract. Option D is incorrect because the minor only lived in the apartment for three months, not the entire year. Option E is incorrect because it assumes the minor would have continued living in the apartment for the entire year, which is not the case.

A Minor,unable to Live at Home,contracts to Rent an Apartment