Which of the following is true regarding the obligation of a minor on disaffirmance?
A) 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.
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, must make restitution, and must pay for any loss in value of the collateral.
D) In all states, a minor only receives a return of half the minor's investment.
E) The obligations of a minor on disaffirmance vary from state to state.
Correct Answer:
Verified
Q21: Which of the following is false regarding
Q22: Which of the following was the result
Q24: Which of the following was the result
Q25: Which of the following is true regarding
Q27: Guardians may be appointed for which of
Q28: If a licensing statute is intended to
Q29: Which of the following is the majority
Q30: Which of the following is true regarding
Q31: A[n] _ occurs when a former minor
Q33: If a legal contract is formed and
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