Asked by Colleen Tercek on Jun 08, 2024
Verified
Melody, age 17, makes a contract with Seung, who is an adult. Melody:
A) may exercise the power of avoidance, called disaffirmance, while still a minor, and thereby be released from any liability on the contract.
B) may ratify the contract while still a minor, thereby surrendering the power of avoidance.
C) has entered a void contract since she lacked capacity.
D) may disaffirm only after reaching the age of majority.
Power of Avoidance
The legal ability to nullify or cancel a contractual agreement or transaction under certain conditions.
Disaffirmance
The legal right of a party to renounce or revoke a contract or agreement, particularly relevant in cases involving minors or instances of fraud.
Ratify
To formally approve or confirm an agreement or act, making it officially valid.
- Gain an understanding of the idea of contractual capacity and its relevance to individuals under the age of majority.
- Comprehend the legal rights of minors to annul contracts and recognize the particular circumstances under which annulment is effective.
Verified Answer
BL
Brianna LongoriaJun 14, 2024
Final Answer :
A
Explanation :
Minors have the legal right to disaffirm contracts while they are still minors, which releases them from any contractual liabilities due to their lack of capacity to enter into contracts.
Learning Objectives
- Gain an understanding of the idea of contractual capacity and its relevance to individuals under the age of majority.
- Comprehend the legal rights of minors to annul contracts and recognize the particular circumstances under which annulment is effective.