16-year-old Frank bought a video game console from John for $200. Frankis a minor, while John is a competent adult. A month later, the consolestarted malfunctioning on its own. Frank returned the console to John. IfFrank disaffirms his contract with John for buying the console, which of thefollowing will be considered true?

1 Frank can claim a full refund on the amount he paid

2 John is still bound by the contract

3 Frank can only ask for full refund once he has reached the age ofmajority.

4 John has the right to repair the console before giving Frank a refund.