Reference no: EM132385998
A minor has entered into a signed, written agreement with an adult for the purchase of a car, for $5,000. The minor has paid the adult $1,000 as a partial payment, and has had the car for about one week. Now, the minor wants to cancel the contract. The adult refuses to cancel the contract, because he wants the full $5,000, and he no longer wants the car. The minor is able to walk to her high school, and to her part-time job, and does not "need" the car. If this goes to court, the judge should rule that the minor:
A) is bound by the agreement, because it is written and signed.
B) is bound by the agreement, because it is for more than $500.
C) can declare the contract "void," but cannot get back her $1,000 partial payment.
D) can declare the contract "void," and will be able to get back her $1,000 partial payment.
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