Asked by Xavier Alexandre on Jun 30, 2024
Verified
By the majority view, a minor need only return any property he has received from the other party if the minor wishes to disaffirm the contract. He has no duty to return the property in the same condition in which he received it.
Disaffirm
The legal act of rejecting or voiding a contract or agreement, especially by a party who was not at full capacity when the agreement was made.
Property
Refers to legally recognized ownership of resources such as land, buildings, goods, or intellectual property.
- Identify the legal tools available for securing the interests of minors in contractual dealings, incorporating disaffirmance and ratification.
Verified Answer
MG
Madison GublerJul 01, 2024
Final Answer :
True
Explanation :
This statement is true. Since a minor has the right to disaffirm a contract, he only needs to return any property he has received from the other party in order to do so. He is not required to return the property in the same condition in which he received it.
Learning Objectives
- Identify the legal tools available for securing the interests of minors in contractual dealings, incorporating disaffirmance and ratification.