At 17 years old,Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000.However,when Otto turned 20,he wished to disaffirm this contract.Does the law permit this?

A) Yes,because he was a minor when he signed the contract.
B) Yes,because he is not yet 21 years of age.
C) No,because a car is a "necessary."
D) No,because Otto implied his ratification.

Question

Aamir Sohail · Accepted Answer

Final Answer : D, Explanation :  Ratification can be expressed in an oral or written statement,or,as is more often the case,it can be implied by conduct on the part of the former minor.Since Otto failed to disaffirm the contract within a reasonable period of time of reaching majority,he implied the ratification of the contract.

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