Successfully assert his disaffirmance of the contract

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Reference no: EM131142819

Belinda is a 17 year old college student. She enters into a written contract with Steve, an adult, for the purchase of Steve’s 1964 Corvette for $2,000. The performance of the contract will occur in one week, when Belinda reaches her 18th birthday. The day after signing the agreement, it dawns on Steve that he made a bad deal, since the classic car is worth many times his asking price. Steve calls Belinda and informs Belinda that he wishes to disaffirm the contract. Belinda is furious and says she expects Steve to keep his word and turn over the car when promised. If Steve refuses to turn over the car as promised, may Belinda successfully Steve for damages, or will Steve be able to successfully assert his disaffirmance of the contract? Explain.

Reference no: EM131142819

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