A Minor,unable to Live at Home,contracts to Rent an Apartment

question 86

Multiple Choice

A minor,unable to live at home,contracts to rent an apartment for one year at $600 per month.After living there for three months,he disaffirms the contract.The reasonable value of that apartment was only $500 per month.Assuming no rent has been paid,the minor must pay which of the following?

• A) Nothing; the contract has been disaffirmed.
• B) $1,800; the contract rate for three months.
• C) $1,500; the reasonable value for three months.
• D) $7,200; the contract rate for one year.
• E) $6,000; the reasonable rate for one year.

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Definitions:

Franchisee

An individual or company that is granted the right by a franchisor to run a location of the franchisor's business.