Shelly accepts corellis offer assuming that the contract


1. Shelly accepts Corelli's offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable? What is the difference between these two concepts? A month after his eighteenth birthday Corelli decides that he would rather have $2,500 than the painting. He informs Shelly that he is disaffirming the contract and request that Shelly returned the $2,500 to him. When Shelly refuses to do so, Corelli brings a court action to recover the $2,500. What will the court likely decide in this situation? Why? 

Solution Preview :

Prepared by a verified Expert
Managerial Economics: Shelly accepts corellis offer assuming that the contract
Reference No:- TGS01283276

Now Priced at $12 (50% Discount)

Recommended (94%)

Rated (4.6/5)