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Which of the Following Is True Regarding the Obligation of a Minor

Question 55

Multiple Choice

Which of the following is true regarding the obligation of a minor on disaffirmance?


A) In all states,a minor must return any consideration in his control,but he or she is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
B) In all states,a minor is entitled to a full refund without returning consideration.
C) In all states,a minor must return any consideration in his control,must make restitution,and must pay for any loss in value of the collateral.
D) In all states,a minor only receives a return of one-half of the minor's investment.
E) The obligations of a minor on disaffirmance vary from state to state.

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