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 reaching majority.
Correct Answer:
Verified
Q11: Ordinarily,an item is not considered to be
Q16: A minor has the right to recover
Q17: Under the theory that alcohol and drug
Q19: The traditional rule is that,when the consideration
Q21: Which of the following contracts is void?
A)A
Q22: Which of the following characterizes emancipation?
A)It allows
Q24: At 17,Otto signed a contract to purchase
Q25: A minor entered into a contract with
Q28: Tracy,aged 12,is named the sole inheritor of
Q37: _ is the ability to incur legal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents