Brett is a 16-year old farm worker from the New South Wales town of Orange, who saves up some money from his earnings. He agrees with a local grocery shop owner, Greg, who is closing his business, to buy his stock of chocolates and confectionary for $2000. The market value of the goods is $3000 and Brett is hoping to sell them to any interested buyer. He pays Greg $1000 and promises the balance when he sells the goods. However, demand is slow and Brett now hopes to get out of the deal. Consider the following: 

1. What is Brett's position under common law? 
2. (ii) How would Brett's position be different under the Minors (Property & Contracts) Act 1970 NSW?

Answer rating: 100% (QA)

Under common law a contract with a minor someone under 18 years old is generally voidable at t... View the full answer