Which of the following is true regarding the obligation of a minor on disaffirmance?
A) The obligations of a minor upon disaffirmance vary from state to state.
B) In all states,a minor is entitled to a full refund without returning consideration.
C) In all states,a minor must return any consideration in his control but is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
D) In all states,a minor only receives a return of half the minor's investment.
E) In all states,a minor must return any consideration in his control,must make restitution,and must pay for any loss in value of the collateral.
Correct Answer:
Verified
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