Question

At 17, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20, he wished to disaffirm this contract. Does the law permit this?

A. Yes, because he was a minor when he signed the contract.

B. Yes, because he is not yet 21 years of age.

C. No, because a car is a "necessary."

D. No, because Otto implied his ratification.

Answer

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