Asked by
Isabella Speed
on Nov 29, 2024Verified
The minority of states require that the minor, when effecting a disaffirmance of the contract, pay at least a reasonable amount for the use of the property or the amount by which the property depreciated while in the hands of a minor.
Disaffirmance
The legal right or act of renouncing or rejecting a contract or agreement, particularly used in reference to minors' agreements.
Depreciated
The decrease in an asset's value over time due to wear and tear, obsolescence, or market conditions.
- Discern the legal strategies offered to protect minors within contracts, which include disaffirmance and ratification.
Verified Answer
SA
Learning Objectives
- Discern the legal strategies offered to protect minors within contracts, which include disaffirmance and ratification.