Matt contracted to purchase a computer at age 16. Until when can he disaffirm the contract?

Question

Quizplus · Accepted Answer

In most states in the US, minors have the right to disaffirm a contract while they are still under the age of 18 and for a reasonable period of time after they reach age 18. This means that Matt can cancel the contract until he turns 18 and for a short period after that, but not indefinitely. Choice A is incorrect because minors do have the right to disaffirm contracts in most cases. Choice B is partially correct but does not include the reasonable period of time after reaching age 18. Choice D is incorrect because in most states, the age of majority is 18 and not 21.

Matt Contracted to Purchase a Computer at Age 16