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Victor, age 17 years and 11 months, bought a used car for $2,500 cash. Six...

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Finance

  1. Victor, age 17 years and 11 months, bought a used car for $2,500 cash. Six months later, he transmission failed. Rather than pay the $1,500 cost to repair the transmission, Victor returned the car to the seller and said he was disaffirming the contract since he was a minor when he entered into the contract.

    1.

    Victor is entitled to disaffirm the contract because he bought the car while he was a minor.
    2.

    Victor is not entitled to disaffirm the contract because his actions after turning 18 are an implied ratification of the contract.
    3.

    Victor is not entitled to disaffirm the contract because he is being shady.

    4.

    Victor is entitled to disaffirm the contract if he cannot afford to repair the transmission.

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