Question $8$

$1$ pts

Bobby, age $16,$ leases a car from Fred, an adult who owns his own car lot. According to the lease agreement, Bobby must make monthly payments on the car for $3$ years; Bobby cannot return the car early without paying a $$15,000$ penalty. However, after driving the car for three months, Bobby returns the car, stops making the payments on it$,$ and refuses to pay the $$15,000$ penalty for terminating the lease early. Fred sues Bobby for the $$15,000.$ Will Fred win?

Yes, because Bobby signed a lease agreement that clearly stated he$,$ Bobby, must pay $$15,000$ if he terminates the lease early.

No$,$ because Bobby was a minor when he signed the lease agreement and was still a minor when he returned the car and disaffirmed the contract.