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22. Mike Minor buys some real estate for investment purposes. The contract obligates Mike to make monthly installment payments for ten years. Mike reaches the
22. Mike Minor buys some real estate for investment purposes. The contract obligates Mike to make monthly installment payments for ten years. Mike reaches the age of majority one month after making the contract. After this, Mike makes 25 monthly payments under the contract, but then decides that he wants to rescind (disafrm) the deal. Which of the following is most true? A. Mike can disafrm. B. Mike cannot disafrm because contracts for the sale of land can only be disafrmed before the age of majority. C. Mike cannot disafrm because contracts for the sale of land must be disafrmed within one year of the age of majority. D. Mike cannot disaffirm because he has already ratied the contract
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