Asked by Mikey Grauso on May 05, 2024

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Under the UCC,the ownership rights of individuals who buy goods from minors are void,but they can transfer their otherwise void rights to an innocent third-party purchaser of those goods.

Innocent Third-Party

An individual or entity that is not involved in a legal dispute or transaction but may be affected by its outcome.

  • Identify the conditions under which contracts can be disaffirmed by minors.
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Verified Answer

LW
Latron WilliamsMay 10, 2024
Final Answer :
False
Explanation :
Under the UCC, a minor's contract for the sale of goods is generally voidable at the option of the minor, not automatically void. An innocent third-party purchaser can obtain valid title to the goods if they purchase in good faith without knowledge of the minor's incapacity.