Question: Shelly accepts Corellis offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor

Shelly accepts Corelli’s offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable? What is the difference between these two concepts? A month after his eighteenth birthday Corelli decides that he would rather have $2,500 than the painting. He informs Shelly that he is disaffirming the contract and request that Shelly returned the $2,500 to him. When Shelly refuses to do so, Corelli brings a court action to recover the $2,500. What will the court likely decide in this situation? Why?


Step by Step Solution

3.31 Rating (178 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Those contracts that affect assent can make a contract voidable by the aggrieved party Those contracts that pertain to law and public policy may rende... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

68-B-E-M-E (1936).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!