What must a minor do if they disaffirm a contract for necessaries?

Study for the Business Senior Exam. Use flashcards and multiple-choice questions with hints and explanations. Prepare confidently!

When a minor disaffirms a contract for necessaries—such as food, clothing, or shelter—they are typically required to pay the reasonable value of the goods or services received. This expectation is grounded in the idea that while minors have the right to disaffirm contracts for their protection, they should still be held accountable for the benefits they have received.

Necessaries are considered essential and provide significant value to the minor's well-being, hence requiring payment for the reasonable value ensures that suppliers of these goods are compensated fairly. This balance protects both the interests of the minor and the parties providing necessary goods or services, preventing unjust enrichment.

In circumstances where a minor seeks to disaffirm a contract for necessaries, they are not expected to pay a penalty or the full contract price, nor are they required to return the goods in their original condition if the goods have been consumed or altered through normal use; thus, the obligation to pay reasonable value remains significant.

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