Which of the following is not true?
A) A minor can still disaffirm a contract for a reasonable time after reaching majority.
B) In most states a minor who misrepresents his or her age has no duty to place the competent party in status quo if the minor disaffirms the contract.
C) A minor must pay the agreed price on a contract for necessaries.
D) What constitutes a necessary varies over time and can differ from state to state.
E) A minor does not have to wait until reaching majority to disaffirm a contract.

Question

Quizplus · Accepted Answer

A minor is typically only required to pay a reasonable value for necessaries, not the agreed price, as contracts with minors are generally voidable to protect them from exploitation.

Which of the Following Is Not True