On May 1,1985,Mint,a 16-year-old,purchased a sailboat from Sly Boats.Mint used the boat for six months,at which time he advertised it for sale.Which of the following statements is correct?
A)The sale of the boat to Mint was void,thereby requiring Mint to return the boat and Sly to return the money received.
B)Sly Boats has the power to recover the boat from Mint because he has advertised it for sale.
C)Mint's use of the boat for six months after the sale on May 1 constituted a ratification of that contract.
D)Mint may disaffirm the May 1 contract at any time prior to or within a reasonable time after reaching majority.

Question

On May 1,1985,Mint,a 16-year-old,purchased a sailboat from Sly Boats.Mint used the boat for six months,at which time he advertised it for sale.Which of the following statements is correct?
A)The sale of the boat to Mint was void,thereby requiring Mint to return the boat and Sly to return the money received.
B)Sly Boats has the power to recover the boat from Mint because he has advertised it for sale.
C)Mint's use of the boat for six months after the sale on May 1 constituted a ratification of that contract.
D)Mint may disaffirm the May 1 contract at any time prior to or within a reasonable time after reaching majority.

Quizplus · Accepted Answer

If the adult has relied on the contract or has given something of value to the minor,the minor must disaffirm within a reasonable time after reaching majority.

On May 1,1985,Mint,a 16-Year-Old,purchased a Sailboat from Sly Boats