Travis, a 17-year-old, contracted to buy a 2005 Toyota Tacom…
Travis, a 17-year-old, contracted to buy a 2005 Toyota Tacoma from Used Cars R Us for $4,200 six months before his 18th birthday. The agreement required Travis to give $1,000 as a down payment with the balance to be paid monthly to Fancy Financing. Travis’s first eight payments were made regularly until his driver’s license was suspended. Travis then informed Fancy Financing that no further payments would be forthcoming.Fancy Financing sued for the balance. The age of majority in Travis’s state is 18 years.Would Travis be liable for the balance due on the Tacoma?
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