Learning Activity

Liberty wants you to prepare a brief summary report response to Georgia's questions and concerns.
Facts: Before beginning college, Georgia, who is 17 years old entered into two contracts, one for the purchase
of a do, and another for the purchase of a necklace. She wants to know about the enforceability of these
contracts. Specifically, she asks the following questions:

  1. Should she have the same length of time after reaching majority age (18 years) to disaffirm each of the
    following contracts? Explain why and compare the two contracts in your analysis/discussion.
    Georgia entered into a contract with a local dog breeder who is 35 year old, to buy a Golden Retriever puppy
    for $250.00.
    Georgia entered into a contract to buy a gold necklace for $350.00 from Sam Shephard, an adult who is 40
    years old.
  2. The value of Georgia’s gold necklace increased dramatically in the six months since she purchased it from
    Shephard. Can Sam Shephard disaffirm the contract, return the $350.00 and get the necklace back? Why or
    why not? (Georgia is not yet 18 years old.)