Question

Which of the following is true regarding the obligation of a minor on disaffirmance?

A. In all states, a minor must return any consideration in his control but is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.

B. In all states, a minor is entitled to a full refund without returning consideration.

C. In all states, a minor must return any consideration in his control, must make restitution, and must pay for any loss in value of the collateral.

D. In all states, a minor only receives a return of half the minor's investment.

E. The obligations of a minor on disaffirmance vary from state to state.

Answer

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