Chuck Olson,aged 17,bought a used car from Bobby Duncan on September 15,2006,agreeing to pay Duncan $200 a month for 12 months.On October 6,2006,Olson was involved in an accident that damaged the car.On October 7,2006,Olson told Duncan he wanted to disaffirm the contract for the purchase of the car.Olson attained the age of majority on October 8,2006.If Duncan sues Olson,in most states he will:

Question

Quizplus · Accepted Answer

A difficult problem arises when the minor is no longer in possession of the consideration the adult gave,or when the consideration has been partially consumed or damaged,or has otherwise declined in value.The traditional common law answer is that the minor who no longer has the consideration the adult gave does not have any duty to place the adult in status quo.

Chuck Olson,aged 17,bought a Used Car from Bobby Duncan on September