Floyd signs a contract to buy a drum kit just before reaching the age of majority. After reaching the age of majority, Floyd does not take possession or make payments. With respect to the contract, most courts would hold that this is

Question

Quizplus · Accepted Answer

Floyd did not take possession or make payments after reaching the age of majority, which is a clear indication of disaffirmance of the contract. Disaffirmance is the legal avoidance, or setting aside, of a contractual obligation by a party who lacks the legal capacity to fully understand the ramifications of the contract, such as a minor.

Floyd Signs a Contract to Buy a Drum Kit Just