Asked by Jacob Beyers on Jul 06, 2024
Verified
Which of the following is an example of a type of transaction that a minor can disaffirm?
A) Automobile loan
B) Marriage
C) Education loan
D) Life insurance contract
Disaffirm
To express denial or contradiction of a previous statement, belief, or agreement.
Minor Contracts
Agreements entered into by individuals under the age of legal majority, which are often voidable at the discretion of the minor.
- Learn about the rights and responsibilities assigned to minors in the field of contract law.
Verified Answer
SA
Sofia Arashiro - GarciaJul 11, 2024
Final Answer :
A
Explanation :
State law often creates statutory exceptions to the minor's right to disaffirm.These statutes prevent minors from disaffirming such transactions as marriage,agreements to support their children,educational loans,life and medical insurance contracts,contracts for transportation by common carriers,and certain types of contracts approved by a court (such as contracts to employ a child actor).
Learning Objectives
- Learn about the rights and responsibilities assigned to minors in the field of contract law.