Contract Questions

Mike minor buys some real estate for investment

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Unformatted text preview: re sell her 5 suits for $15.00. Irene threatens to sue Michelle for breach of contract. a. This is a valid contract, and Irene will win if she sues. b. The ad in the newspaper is an offer to sell. c. The ad in the newspaper is a solicitation seeking offers, but is not an offer to sell; therefore, Irene will not be able to successfully sue for breach of contract. d. None of the above. 327. Mike Minor buys some real estate for investment purposes. The contract obligates Mike to make monthly installment payments for ten 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 disaffirm the deal. Which of the following is MOST true? a. Mike can disaffirm. b. Mike cannot disaffirm because contracts for the sale of land can only be disaffirmed before the age of majority. c. Mike cannot disaffirm because contracts for the sale of land must be disaffirmed within one year of the age of majority. d. Mike cannot disaffirm because he has alr...
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