Eleanor Rigby, a minor, buys a stereo from Rita, meter maid, for $200. State law allows a minor to disaffirm contracts within a reasonable time after turning 18. Eleanor Rigby disaffirms the contract the day after turning 18 and returns the stereo.

a. This contract was a valid contract, Eleanor Rigby cannot disaffirm.
b. This contract was a voidable contract, Eleanor Rigby can disaffirm.
c. This contract was a void contract.
d. This contract was unenforceable because it needed to be in writing to be enforceable.

Ans: b. This contract was a voidable contract, Eleanor Rigby can disaffirm.

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The Euro increased dramatically in value against the U.S. dollar between 2000 and 2009. The result

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