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

Question 3

Multiple Choice

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


A) The obligations of a minor upon disaffirmance vary from state to state.
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 but is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
D) In all states,a minor only receives a return of half the minor's investment.
E) 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.

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