Sam, a minor, bought a yacht from Marine Co. Inc. Under the terms of the contract, Sam agreed to make monthly payments. About four months after reaching his 18th birthday, Sam became bored with boating and wanted to disaffirm the contract. He had made five (5) payments up to the point that he decided to rescind (cancel). Can he disaffirm the contract? Sam could not disaffirm because the yacht was a necessity. Sam, most likely, could not disaffirm because he ratified the contract. Sam could not disaffirm because the yacht was now used and worth much less than when he bought it. Sam could disaffirm the contract.

The first right granted to minors in contract law cases is the right to disaffirm. Disaffirming occurs when the minor states, either in a verbal declaration or by their actions, that they no longer intend to be bound by the terms of the contract to which they are a party. Upon reaching the age of majority, the in this minor may choose to disaffirm the contract they were entered into while in the minority. If they do not disaffirm the contract within a reasonable period of time, they are considered to have ratified the contract. In this case same rule applied, sam enter into a contract when he was minor but can disaffirm the contract when he reached a age of minority. So in my point of view sam can disaffirm as per the law rules. although Courts are split as to whether the minor needs to pay for any repairs or the decrease in value of a good that benefited the minor.
 
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