Question

Jacquie signs a contract to buy a car just before reaching the age of majority. After reaching the age of majority, Jacquie does not take possession or make payments. Most courts would hold, with respect to the contract, that this is_________.

Answer 1

Answer:Disaffirmance

Explanation:

Disaffirmance , It defines a fact that a voidable contract is void. This means a person who had signed a voidable contract has the right to not abide by it.

A person may verbally state that they won't abide by the contract or they will just choose to not do what the contract says without actual stating that they won't abide by it.

A voidable contract is the one in which two parties formally agree on something but this contract is not enforceable for several legal reasons.

Reasons that can make a contract voidable :

-Misrepresentation or fraud by one of the parties

-If someone is threatened to enter through a contract

- When one party is legally incapacity to be part of the contract such as Jacquie who entered a contract before he reached an age of majority.

Age of majority is an age when someone is considered an adult by the law.