Junior is 17 years old and has entered into an agreement to purchase a vintage 1968 Ford

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Junior is 17 years old and has entered into an agreement to purchase a vintage 1968 Ford Mustang from his neighbor.

Which of the following is true about the transaction?

a. The contract is automatically void.

b. Junior has the right to void the contract until he turns 18.

c. The contract lacks bargained-for consideration.

d. No contract exists because there was no mutual assent.

e. The contract is voidable unless ratified by Junior’s parents or legal guardian.

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Related Book For  answer-question

Business Law And Strategy

ISBN: 9780077614683

1st Edition

Authors: Sean Melvin, David Orozco, F E Guerra Pujol

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