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 true?
A) There are some contracts that minors cannot avoid and contracts involving jewelry are one example.
B) Minors that elect to avoid contracts can keep any benefit that they receive from it.
C) According to the Infancy Act,contracts with minors are never enforceable.
D) According to the Infancy Act,Stewart has a year to repudiate the contract and get his goods back.
E) Because it is a pawnshop,the contract is considered affirmed and Stewart cannot get the jewelry back.
Correct Answer:
Verified
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