Percy, Age 17, Purchased a Used Mobile Home from a Mobile

question 13

Multiple Choice

Percy, age 17, purchased a used mobile home from a mobile home dealer for $20,000. This price, however, is twice the reasonable value of that mobile home. Several months later, Percy wants to disaffirm the contract. If the mobile home is considered a necessary item:

• A) Percy can disaffirm the contract based on the wrongful act of the dealer.
• B) Percy can disaffirm the contract because the minor can live in an apartment rather than a mobile home.
• C) Percy is only liable for the reasonable value of the mobile home.
• D) Percy must keep the mobile home and abide by the original terms of the contract.