Problem

A loaned his nephew B $2,000 for educational expenses when B was 17 years and 2 months old...

A loaned his nephew B $2,000 for educational expenses when B was 17 years and 2 months old. In return B gave A a promissory note calling for repayment (without interest) 2 years from the date of the note. One year later, B quit school and joined the army. Two months after B’s 19th birthday, on the due date, A demanded payment. B refused. Can A collect? Explain.

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Solutions For Problems in Chapter 6