Which of the Following Is True Regarding the Obligation of a Minor

question 55

Multiple Choice

Which of the following is true regarding the obligation of a minor on disaffirmance?

• A)In all states,a minor must return any consideration in his control,but he or she is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
• B)In all states,a minor is entitled to a full refund without returning consideration.
• C)In all states,a minor must return any consideration in his control,must make restitution,and must pay for any loss in value of the collateral.
• D)In all states,a minor only receives a return of one-half of the minor's investment.
• E)The obligations of a minor on disaffirmance vary from state to state.

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