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Trina, while 17, purchases a laptop computer.Discuss the implications of her actions as to whether she can disaffirm the contract of purchase if she: (a) tries to sell the computer one year later; (b) continues to use the computer for eighteen months; or (c) has not yet made all of the payments when she turns 18, but continues to make monthly payments.
Loan Agreement
A contract between a borrower and a lender outlining the terms and conditions of a loan.
Bankruptcy Defense
Strategies or legal arguments used by a defendant in litigation to counter claims made in the context of a bankruptcy case.
Suretyship Agreement
An agreement in which one party (the surety) guarantees the debt of a borrower to a lender, agreeing to repay the debt should the borrower default.
Guaranty Agreement
A legal document where one party agrees to be responsible for another's debt or obligations.
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