A 16-year-old goes to a used car dealership and pays $2,000 cash to buy a car off the lot.
A) assuming no fraud by the dealer, and that the car is really worth about $2,000, the contract is valid
B) the dealer realizes that the car is worth more than $2,000, so he can void the contract and insist on the car back
C) the 16-year-old can bring the car back the next day and demand his money back (less damages) because the contract is voidable
D) the parents of the 16-year-old cannot try to get the money back for the car because parents are responsible for providing their children with necessities
E) none of the other choices

Question

Quizplus · Accepted Answer

Contracts involving minors are generally considered voidable at the option of the minor. This means the 16-year-old has the right to cancel the contract and get their money back, subject to adjustments for any damages or depreciation.

A 16-Year-Old Goes to a Used Car Dealership and Pays