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 because designer jeans are not a necessary.
B) She cannot disaffirm,because her family is wealthy.
C) She is liable to pay $300,as per contract.
D) She may not disaffirm and is liable for $75.

As per the principle of disaffirmance, a minor can void a contract made with them as long as the item purchased is deemed not necessary. Designer jeans do not fall under the category of necessities, and hence Maria can disaffirm the purchase. Her family's wealth is not relevant in this case. The fair market value of the jeans is also not the same as the contract price and does not affect the ability to disaffirm.