Asked by Brianna Weidaman on May 26, 2024
Verified
In the Keser v. Chagnon case, the Colorado court found that disaffirmance two months after reaching majority was within a reasonable time and that, since Chagnon had obtained the contract by false representation of his age, he could not recover his full consideration upon disaffirmance.
Disaffirmance
In contract law, the right of a party to renounce a contract to avoid legal obligations, typically used in cases involving minors or instances of fraud.
Majority
The age at which a person is considered an adult and has the legal rights and responsibilities of an adult, or a more than half portion of a group.
False Representation
An untrue statement of fact made by one party to another, which induces the latter to enter into a contract.
- Distinguish the available legal mechanisms intended for the safeguarding of minors involved in contracts, such as disaffirmance and ratification.
- Grasp the consequences of misrepresentation of age by minors in entering contracts.
Verified Answer
ET
Emmanuella ToussaintMay 30, 2024
Final Answer :
True
Explanation :
In the Keser v. Chagnon case, the court did find that disaffirming the contract two months after reaching the age of majority was within a reasonable time. Additionally, it was determined that because Chagnon had misrepresented his age to enter into the contract, he was not entitled to recover the full consideration upon disaffirming the contract. This case highlights the principle that minors have the right to disaffirm contracts to protect them from their own lack of judgment, but they cannot always expect to recover their full consideration if they have engaged in deceptive practices.
Learning Objectives
- Distinguish the available legal mechanisms intended for the safeguarding of minors involved in contracts, such as disaffirmance and ratification.
- Grasp the consequences of misrepresentation of age by minors in entering contracts.