Velvet,aged 17,enters into a contract to buy a thoroughbred horse for $15 000.Before she takes delivery of the horse she becomes 18.Velvet can escape her legal obligations under the contract by proving that:

Question

Quizplus · Accepted Answer

Option A cannot be true as Velvet entered into the contract willingly and with the intention of buying the thoroughbred horse for herself.

Option B is a possible defense for Velvet. She can argue that the price she agreed to pay for the horse was excessive and unfair, and therefore the contract should be set aside.

Option C is not a valid defense for Velvet. She was legally obligated to pay the price agreed to in the contract, and her financial capacity at the time of entering into the contract is irrelevant.

Therefore, the best answer is E.

Velvet,aged 17,enters into a Contract to Buy a Thoroughbred Horse