Elmo,a Minor,misrepresents His Age to Be Twenty-One and Contracts to Buy

question 32

Multiple Choice

Elmo,a minor,misrepresents his age to be twenty-one and contracts to buy a car from Fine New Autos.Ordinarily,Elmo can disaffirm the contract

• A)only if he can prove that Fine New Autos did not know his true age.
• B)only if he can prove that Fine New Autos knew his true age.
• C)under any circumstances.
• D)under no circumstances.

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Definitions:

Goal

An intended outcome or target that an individual or organization aims to achieve.

Compounded Semi-annually

The process of adding interest to the principal sum of a loan or deposit twice a year, also accounting for the interest accumulated over the period.

Monthly Payment

Regular payment made every month, commonly in the context of repaying loans or paying bills.

Home Renovations

Improvements or alterations made to a residential property, often intended to increase its value, functionality, or aesthetic appeal.