Detailed Answer
(c) A minor may disaffirm a contract at any time during
his minority and within a reasonable time after reaching the age
of majority. When Rail disaffirmed the contract two days after
reaching the age of eighteen, he did so within a reasonable time
after reaching majority age. Answer (a) is incorrect because Rail
could ratify the contract only after reaching the age of majority.
Answer (b) is incorrect because although Rail could have transferred
good title to a good-faith purchaser for value, Rail’s title
was still voidable and subject to disaffirmance. Answer (d) is
incorrect because Rail could disaffirm the contract only for a
reasonable time after reaching the age of majority. Failure to
disaffirm within a reasonable time serves to act as ratification