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Assume the following facts: Jennifer, age sixteen, contracted to buy a gold pendant from Jim's Jewels for $500. She paid the purchase price and received

Assume the following facts: Jennifer, age sixteen, contracted to buy a gold pendant from Jim's Jewels for $500. She paid the purchase price and received the pendant.

    1. Over the next six months, the price of gold increased dramatically, and the pendant increased in value. Under Georgia law, could Jim's Jewels disaffirm the contract, return Jennifer's $500 and get the pendant back? Briefly explain.
    2. Assume that after Jennifer bought the pendant, the price of gold decreased dramatically in value. Under Georgia law, could Jennifer disaffirm the contract, return the pendant, and get her $500 back? Briefly explain.

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