The purpose of the right to disaffirm a contract is to: a) recognize the legitimate interests...

The purpose of the right to disaffirm a contract is to:

a) recognize the legitimate interests of those who contract with minors

b) protect minors

c) restore persons to positions they held before contracting

d) ratify a contract and make it enforceable

Solutions

Expert Solution

Ans : Protect Minors

Explanation:
The intent to avoid the contract is called disaffirmance. If a minor wants to avoid a contract, he needs clearly state his intention of not to be bound by the contract. Such disaffirmance of the contract can be given by words or actions.
Some salient features of Disaffirmance are as follows:

The contract may be disaffirmed any time during minority or within reasonable time after the minor comes of age.
If the contract is disaffirmed, the minor has the rights to recover all property which was transferred as consideration, even if has been subsequently transferred to a third party.
it should be made in timely.
The entire contract will be disaffirmed. No part performance shall be made.
Only the minor has the option of disaffirm. The adult parties shall remain bound to the contract unless disaffirmed by the minor..

So , accordingly it may be concluded that the purpose of the right to disaffirm a contract is to protect minors.

jeff jeffy answered 1 year ago

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