Morgan Entered into a Long-Term Contract at Age 17

question 25

Multiple Choice

Morgan entered into a long-term contract at age 17. In the state in which the contract was executed, the majority age was 18. She is now 19 and would like to disaffirm the contract on the grounds that she was a minor when she entered into the contract. Which of the following statements is true?

• A) Morgan can disaffirm the contract because she lacked competency at the time she entered into the contract, thus rendering the contract voidable.
• B) Morgan can disaffirm the contract because the contract is void.
• C) Morgan cannot disaffirm the contract because there was ample consideration.
• D) Morgan cannot disaffirm the contract because she ratified it by failing to disaffirm the contract in a timely fashion.

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Definitions:

Filtering

The process of screening or removing certain information or stimuli, often to focus on more relevant or significant data.

Dichotic Listening

A psychological test where an individual receives different auditory stimuli in each ear simultaneously and is asked to focus on one to measure selective attention.

Feedback

Information given to someone about their performance or behavior for the purpose of improvement.

Middle Stage

Refers to the intermediate phase in a process, development, or progression where initial adjustments have been made and the groundwork for final outcomes is being established.