16-year-old Frank bought a video game console from John for $150. Frank is a minor, while John is a competent adult. A month later, the console started malfunctioning on its own. Frank returned the console to John. If Frank disaffirms his contract with John for buying the console, which of the following will be considered true?A) John is not bound by the contract any more as the exchange has been completed. B) Frank can reclaim full refund of the amount he paid. C) Frank can only ask for full refund once he has reached the age of majority. D) Frank is legally obligated to fix the console before returning it to John.

Option A

Explanation:

John is not bound by the contract anymore because the exchange has been completed, I.e is during the contract the duration of guarantee is not stated. Suppose before frank bought the console from John, there was a clause stating the warantee that if for so reason the console develops faults after 1month, John would fix it, then frank can reclaim his money or ask john to fix it. But in this case nothing was stated, regardless of who john and frank are, john can't do anything as the contract has been closed when frank bought the system.

B) Frank can reclaim full refund of the amount he paid

Explanation:

Disaffirmance is known or regarded as the act of a minor to rescind a contract under the infancy doctrine, either orally, in writing, or by the minor's conduct.

This means that, the minors are  allow to cancel most contracts they have

entered into with adults. This principle is known as infancy doctrine, and it is known to be legal. And this can be done by the minors at any time prior to reaching the age of majority.

It should be noted also that, there is another rule known as "Duty of restitution". This rule states that if a minor has transferred money, property, or other  valuables to the competent party before disaffirming the contract, that party must place the minor  on existing state or agreement.

This means that, Frank as a minor, is supported legally to be refunded in full by John which is a majority or an adult.

elastic potential energy