Question $21(1$ point$)$

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Steven, age $17,$ would like to have the power to live independently and enter into valid contracts. Emancipation allows minors to assume full legal rights and responsibilities typically reserved for adults, such as entering into contracts, making medical decisions, and living independently.

$$ True

$$ False

Question $22(1$ point$)$

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In most jurisdictions, minor's have the ability to disaffirm $($canceling$)$ a contract. Regarding disaffirmance, which of the following are correct? Select all that apply.

$$ If a minor fails to disaffirm a contract within the applicable timeframe after reaching the age of majority, they may be deemed to have ratified the contract and waived their right to disaffirm it$.$

Minors typically have a reasonable time after reaching the age of majority or regaining capacity to disaffirm the contract.

$$ Once a contract is disaffirmed, the parties are restored to their pre$-$contractual positions.

Disaffirmance can be expressed explicitly, such as through written notice to the other party, or implicitly, such as by returning goods received under the contract or refusing to perform obligations under the contract.