Harold, a minor, decided to trade his 1992 truck on a new car at the local dealership. One week after driving the new car, Harold decides that he cannot afford the payments. Harold now wishes to disaffirm his purchase and get his old truck back. The dealer informs Harold that the truck has been sold. Can Harold get the old truck back and disaffirm his contract with the dealer? Explain
A contract is voidable at a minor's option. In this case the dealer acquired voidable title to the truck. The UCC, however, provides that a merchant with voidable title can transfer valid title to a buyer in the ordinary course of business. Harold can disaffirm the contract but cannot get the truck back.
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