John is 16 and buys a set of tools for his plumbing apprenticeship, which will start when he finishes school in six month While still at schools,john learns about the stock market and,through his broker,he nvests in AppTools Ltd AppTools and BuzzTools (Buzz tools)He doubles his money in AppTools and instructs his broker to sellHowever,one month after buying BuzzTools,the company goes into liquidation and, as johns Buzztools Shares are partly paid,the liquidator is seeking to recover money till owing on the shares Despite his mixed success on the stock market,john decides to give up his plumbing apprenticeship and stick to the stock market Advise john as to the following a IS he bound by the contract to purchase the tools Try the suggestions below or type a new query above

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In this case John is a minor a person under the age of 18 years As a minor John does not have full l... View the full answer