Asked by Rainn Cline on May 28, 2024
Verified
On May 1,1985,Mint,a 16-year-old,purchased a sailboat from Sly Boats.Mint used the boat for six months,at which time he advertised it for sale.Which of the following statements is correct?
A) The sale of the boat to Mint was void,thereby requiring Mint to return the boat and Sly to return the money received.
B) Sly Boats has the power to recover the boat from Mint because he has advertised it for sale.
C) Mint's use of the boat for six months after the sale on May 1 constituted a ratification of that contract.
D) Mint may disaffirm the May 1 contract at any time prior to or within a reasonable time after reaching majority.
Ratification
The act of formally confirming or approving an agreement or act, making it officially valid.
Void
Refers to a legal declaration that an agreement or transaction is null and has no legal effect.
- Recognize the legal consequences of ratification and its influence on agreements made by minors.
- Recognize the circumstances in which a minor's agreement can be validated or necessarily rejected.
Verified Answer
RM
Robert ManyoniMay 29, 2024
Final Answer :
D
Explanation :
If the adult has relied on the contract or has given something of value to the minor,the minor must disaffirm within a reasonable time after reaching majority.
Learning Objectives
- Recognize the legal consequences of ratification and its influence on agreements made by minors.
- Recognize the circumstances in which a minor's agreement can be validated or necessarily rejected.
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