Stewart is a fifteen-year-old boy who comes from a very wealthy family. Throughout his life, Stewart has been given expensive jewelry.In May, he and his mother got into an argument and he decided to sell some of his jewelry at Frank's Pawnshop.Excited about the collection they were about to receive, the pawnshop clerk immediately entered into a contract with Stewart to complete the transaction.Which of the following statements is most likely to be TRUE?
A) The contract is fully enforceable as long as the pawnshop paid fair market value.
B) The contract is enforceable as long Frank, or someone else in the pawnshop, provided Stewart with legal advice before he signed the agreement.
C) Stewart can avoid the contract at any point in the future as long as he repays the money that he received.
D) The contract is voidable, but Stewart must elect to avoid it in a timely manner.
E) The contract is illegal and therefore void.
Correct Answer:
Verified
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