Business
Business, 12.08.2020 07:01, jacamron

Mike, a minor, buys some real estate as an investment. The contract obligates Mike to make monthly installment payments for 10 years. Mike reaches the age of majority one month after making the contract. After this, Mike makes 25 monthly payments under the contract, but then decides that he wants to rescind the deal. Which of the following is most true?A. Mike can dis-affirm. B. Mike cannot dis-affirm because contracts for the sale of land can only be dis-affirmed before the age of majority. C. Mike cannot dis-affirm because contracts for the sale of land must be dis-affirmed within one year of the age of majority. D. Mike cannot dis-affirm because he has already ratified the contract.

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