Practice Quiz

CLEP Business Law

Category - Contracts

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A minor can disaffirm a contract:
  1. Until he or she reaches the age of majority.
  2. At anytime.
  3. With the approval of his or her parents.
  4. With the approval of a judge.
  5. Within one year.
Explanation
Answer: A. A minor can disaffirm a contract until he or she reaches the age of majority. A contract entered into with a minor is voidable at the discretion of the minor. However, once the minor reaches the age of majority and is no longer a minor, he or she cannot void the contract based on having been a minor at the time of entering into the contract.
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