0 ? stl 61% 3:59 PM SLO #1-Compare and contrast the common law of contracts with

Question

0 ? stl 61% 3:59 PM SLO #1-Compare and contrast the common law of contracts with the parts of the uniform commercial code dealing with contracts. Sam, a minor, purchases a laptop from Best Buy for $550. Which of the following alternatives would best apply to the above purchase? a. The common law of contracts would apply; Sam has the option to disaffirrm the contract since he is a minor, the contract does not have to be in writing. b. The UCC would apply, Sam has the option to disaffirm the contract since he is a minor, the contract must be in writing c. The common law of contracts would apply; Sam cannot disaffirm the contract, the contract does have to be in writing. d. The UCC would apply Sam has the option to disaffirm the contract since he is a minor, the contract must be in writing to be enforceable

Explanation / Answer

Answer : Option B :?The UCC would apply; Sam has the option to disaffirm the contract since he is a minor; the contract must be in writing.

The UCC codes are applicabel for purchase of good. So in this case Sam has purchased a laptop, so UCC codes will be applicable.

Sam is a minor and as per the guidelines, a minor has the right to disaffirm the contract as long as he is minor i.e.below the age of 18 years. So here sam will disaffirm the contract.

The contract needs to be in writing so that it can be used as a reference document upon requirement.

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