Marty,a 16-Year-Old,contracted with Cream-Of-The-Crop Cycles to Buy an $8,000 Motorcycle

question 24

Multiple Choice

Marty,a 16-year-old,contracted with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle.He agreed to make monthly payments until the purchase price plus interest were paid in full.It is three years later and Marty has not disaffirmed the contract and has made regular payments on the cycle since turning 18.Which of the following is correct?

• A)The contract is void and Marty has no obligation.
• B)The contract is now voidable by Cream-of-the-Crop Cycles.
• C)Marty has ratified the contract and is now bound by its terms.
• D)Marty has ratified the contract but can still get a return of the payments made while he was a minor.

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Definitions:

Otitis

Inflammation or infection of the ear.

Tympanic

Relating to the tympanum or eardrum, part of the middle ear involved in hearing.

Vestibule

An entrance hall or other open area in a building used by the public, particularly the space at the entrance to a structure.

Organ of Corti

The Organ of Corti is the sensory organ located within the cochlea of the inner ear, responsible for converting sound vibrations into neural signals.