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Question
Maria, aged 16, from a wealthy family, purchases designer jeans on credit for $300. The true fair market value for the jeans is $75. Which of the following is true of this case?
A. Maria can disaffirm the purchase.
B. She cannot disaffirm as her family is wealthy.
C. She is liable to pay $300 as per contract.
D. She may not disaffirm and is liable for $75.
Answer
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