Question

Fletcher signs a contract to buy a new electric guitar and amplifier just before reaching the age of majority. after reaching the age of majority, fletcher does not take possession or make payments. with respect to the contract, most courts would hold that this is

a. emancipation.

b. ratification.

c. disaffirmance.

d. rescission.

Answer 1

The answer is disaffirmance.

Disaffirmance, in the context of contract, means making a contract void. It means that the person who enters this contract declares that he or she will not be abide by it.

It also means that the individual would not have any legal obligations that she or he will be responsible for by voiding the contract. It usually applies for people who come into the age of majority.