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Michael signs a contract with a music company to receive monthly CDs of popular albums. The cost of the CDs are $600.00 per year, payable

 

Michael signs a contract with a music company to receive monthly CDs of popular albums. The cost of the CDs are $600.00 per year, payable in monthly installments of $50.00 each. Michael is 17 at the time he signs the contract. When there are only 2 installments left he seeks to rescind the contract. Can he do so? Same facts as above, but at the time Michael enters into the contract he has consumed cocaine. Is there any difference in your result?

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