CNMI Bar Practice Questions - Northern Mariana Islands Bar Examination Exam

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A 17-year-old, who is a minor, contracts to buy a non-necessity item. After turning 18, the minor continues to use the item and makes payments without objection. What is the effect?

The minor has ratified the contract upon reaching majority and is now bound The contract is void from the outset and cannot be revived The contract remains voidable indefinitely at the minor's option The seller may sue for punitive damages

Correct Answer:

The minor has ratified the contract upon reaching majority and is now bound

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