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0 tracked cards Contracts

A 16-year-old bought a racing bicycle from a sporting-goods store for $1,800 on credit. Six months later, while still 16, she notified the store that she was canceling the contract and offered to return the bicycle, which she still possessed. The store sued for the unpaid balance.
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The contract is void, so neither party has any restitution obligation. The minor may not disaffirm because she received a good deal at the time of purchase. The minor may disaffirm only if the seller acted in bad faith. The minor may generally disaffirm before or within a reasonable time after majority, but must return the bicycle if it is still in her possession.

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