Marty,a 16-year-old,contracts with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle.Marty agrees to make monthly payments until the purchase price plus interest is paid in full.Which of the following is correct?
A)The contract is voidable by Marty.
B)The contract is void as soon as it is made.
C)The contract is voidable by Cream-of-the-Crop Cycles.
D)The contract is voidable by either Marty or Cream-of-the-Crop Cycles.

Question

Quizplus · Accepted Answer

Contracts entered into by minors are generally voidable at the option of the minor. This means Marty, being 16, can choose to void the contract. Cream-of-the-Crop Cycles, on the other hand, is bound by the contract unless Marty decides to void it.

Marty,a 16-Year-Old,contracts with Cream-Of-The-Crop Cycles to Buy an $8,000 Motorcycle