When a contract has been fully executed, what must a minor do to disaffirm it?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 24, 2024 12:00 AM

See More Questions

Appellants Meshiel Cooper Traylor (Meshiel) and her minor son Craig Lamar Traylor (Craig) appeal the judgment confirming an arbitration award in favor of Craigs former personal manager, respondent...
Plaintiff-appellant First State Bank of Sinai (Bank) sued defendant-appellee Mervin Hyland (Mervin) seeking to hold him responsible for payment on a promissory note which he cosigned. * * * [T]he...
Give the type and value of each of the following Java expressions. If it leads to a compile-time or runtime-error, specify that for the type (and leave the value column blank). Java Expression Type...
On December 31, 2021, L Inc. had a $1,600,000 note payable outstanding, due July 31, 2022. L borrowed the money to finance construction of a new plant. L planned to refinance the note by issuing...
Explain the difference between the credit risk and the market risk in a financial contract.
If the formation of chemical bonds always releases energy, why dont all elements form dozens of bonds to each atom?
Identify the five objectives of a sales presentation and develop an example of how a sales presentation would accomplish each one.
At the start of 2015, the New Orleans Fine Food Company budgeted before-tax income as follows: Actual before tax income for 2015 was: Required Florence Roden, the owner of the company, is pleased...
How do matrix organizational structures balance the dual imperatives of functional specialization and project-based collaboration, and what challenges do they pose in terms of role clarity and...
How does ratification affect the right of minors to avoid their contracts?
Are minors legally bound to every contract that they enter into?
Verify that the mappings in problems 1 to 3 are linear transformations. 1. L1: C1 C, L1 (y) = y' + p(t) y 2. (X and Y appropriate spaces) 3. (X the space of convergent real sequences) Oo :X Y, C(f) =...
If a proposed capital investment offered a $10,000 annual cash inflow after depreciation and the initial investment was $100,000 a) what is the Average Rate of Return (ARR) of this capital project...
SR Inc. has bonds with semi-annual payments. The bonds have 8 years to maturity and are currently priced at $990. At this price, the yield to maturity on the bonds is 9.2%. The par value of the bonds...
The average return on a security with a beta of 0.3 is $13.09 per year. The risk free rate is 0.02 and the return on the market portfolio is 0.09. What is the appropriate value of this security based...
What would be the return on a 3 month $1 million t-bill if the YTM is 6.0% and the bill is held for the entire 3 months? Remember to use day counts and the 3 month time period vs the annual yield...
8. You are purchasing a house and will get a mortgage loan of $603,118. The mortgage loan will be fully amortized over 16 years, with monthly payments and an annual interest rate of 10.2%. What is...
What is the largest source of financing for most U.S. businesses?
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...
Potomac Airlines prints on the backs of its tickets that it is not liable for any injury to a passenger caused by Potomacs negligence. Ron buys a ticket and boards the plane. On takeoff, the plane...
Joseph, who owns the only pizza parlor in Middletown, learns that Giovanni is about to open a competing pizza parlor in the same small town, just a few blocks from Josephs restaurant. Joseph offers...
State X requires that persons who prepare and serve liquor in the form of drinks at commercial establishments be licensed by the state to do so. The only requirement for obtaining a yearly license is...
Think about frameworks in your daily life. What other systems have been created that follow an open standard of rules, so that many various systems can easily interoperate? Describe a system, and...
What is the purpose of the Management, Dynamic and Virtual Interfaces of WLC2504? What is PoE? How many PoE ports does the controller WLC2504 have? How many APs does wireless controller type Cisco...
Could you List and fully explain four essential attributes of well engineered software systems?

When a contract has been fully executed, what must a minor do to disaffirm it?

Question:

Step by Step Answer:

Description When a minor an individual under the age of 18 in most states enters into a contract they have the ability to disaffirm or void the contra...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions