16-year-old Frank bought a video game console from John for $150. Frank is a minor, while John is a competent adult. A month later, the console started malfunctioning on its own. Frank returned the console to John. If Frank disaffirms his contract with John for buying the console, which of the following will be considered true?
A) John is not bound by the contract any more as the exchange has been completed.
B) Frank can reclaim full refund on the amount he paid.
C) Frank can only ask for full refund once he has reached the age of majority.
D) Frank is legally obligated to fix the console before returning it to John.

Question

Quizplus · Accepted Answer

As Frank is a minor, he has the right to disaffirm the contract he made with John. This means that Frank can ask for a full refund on the amount he paid for the console. John is bound to return the money as the contract is considered voidable by Frank.

16-Year-Old Frank Bought a Video Game Console from John for $150