Ian,a 16-year-old,contracted with Anderson Used Cars to buy a $6,000 motorcycle.He agreed to make monthly payments until the purchase price plus interest were paid in full.Ian is now 18 and he has not disaffirmed the contract.He has made payments on the car since turning 18.Which of the following is correct?

Question

Quizplus · Accepted Answer

Ian has ratified the contract by continuing to make payments after turning 18. Ratification occurs when a minor, upon reaching the age of majority, affirms or confirms a contract made as a minor. This can be done by words or actions, and in this case, Ian's continued payments show his intent to be bound by the contract. Option A is incorrect because a contract entered into by a minor is voidable, not void. Option B is incorrect because Anderson Used Cars cannot void the contract once Ian has ratified it. Option D is incorrect because it is not necessary for ratification to be in writing.

Ian,a 16-Year-Old,contracted with Anderson Used Cars to Buy a $6,000