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Question
When both parties to a contract are minors, both of them may disaffirm the contract.Answer
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Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.
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A minor has a reasonable time, after the minor reaches the age of majority, to disaffirm a contract.
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For a minor to disaffirm a contract, he or she must present the contract to a court.
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Rolf is an emergency medical technician. Medical personnel such as Rolf are prohibited by state statute from working more than a certain number of consecutive hours. One month, Rolf works more than the legal limit. Rolf can recover for
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Lucy, a minor, disaffirms a contract for necessaries without returning the goods. To Manny's Food Mart, the seller, Lucy is required to pay
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After an accident with a driver for Onyx Security Company, Paul signs a covenant not to sue Onyx for damages in a tort action if it pays for the damage to his car. This covenant
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Statutes of limitations in all states require a debtor to pay a debt within a specified period of time.
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A covenant not to sue is against public policy.