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 are 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

Business

Chad Solomon

25 October, 03:01

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 are 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.

+3

Answers (1)

Know the Answer?

Blaze Ayala · Answer 1

a

Explanation:

a.)

The contract is voidable by Marty. 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. a. The contract is voidable by Marty is correct.