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1.Brian (a sixteen-year-old high school junior) bought a car from Mr. Frederick (who owned a used car lot). Brian and Mr. Frederick signed a contract

1.Brian (a sixteen-year-old high school junior) bought a car from Mr. Frederick (who owned a used car lot). Brian and Mr. Frederick signed a contract in which Brian agreed to make monthly payments of $200 to Mr. Frederick for a period of 24 months, at which time Brian would own the car outright. The contract also contained provisions describing what would happen if Brian missed or discontinued payments, and one signifying that the contract was final and could not be revoked at any time, and that Brian agreed he accepted the car "as is," with no performance guarantee. Both Brian and Mr. Frederick signed the contract. Brian drove the car for several months before it broke down and needed repairs Brian could not afford. Brian returned the car to Mr. Frederick and informed him that he would not be making additional payments on the car.

a. Is this contract valid (ie., could Mr. Frederick sue Brian to enforce the contract he signed)? Why/why not?(2 pts.)

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