Bob,a 16-year-old minor,buys a snowmobile from Sam,an adult,for $2,000.Bob uses it for 2 months and then advertises the snowmobile for sale for $3,000 but has not yet sold it.At this point,which of the following is true?

Question

Quizplus · Accepted Answer

Because Bob is a minor, he has the option to disaffirm the contract at any time before reaching the age of majority or within a reasonable time after reaching the age of majority. The fact that he advertised the snowmobile for sale does not necessarily constitute ratification of the contract, as he may simply be attempting to sell the snowmobile to recoup his costs. Similarly, the fact that he used the snowmobile for two months does not necessarily constitute ratification, as minor's contracts for necessaries (such as transportation) are often enforceable.

Bob,a 16-Year-Old Minor,buys a Snowmobile from Sam,an Adult,for $2,000