Question: A contract by a minor is: a. Only voidable if over $1,000 b. Always voidable by either party c. Only voidable by the minor if

A contract by a minor is:

a.

Only voidable if over $1,000
b.

Always voidable by either party
c.

Only voidable by the minor if the contract is not for necessities
d. Always voidable by the minor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Mac Jones orally agrees to play the next two years for the Patriots for $100,000 per game: a. All of the above b. This contract is voidable c. This contact does not have consideration d. This contact...

Q:

Chapters 7-8 - Contracts - Introduction & Agreement; Consideration, Capacity, & legality Chapter 7-8 A* We now are getting into contracts. Chapter 7 covers a basic introcution to contract law and...

Q:

1) I tell you that if you rake all the leaves in my yard, I will show up to Business Law class next week. You immediately come over and start raking the leaves. Halfway through the job you decide to...

Q:

This is Capacity/ Reality/ Illegality Chapters Choose only 1 right answer 1. When Buster sold his store to Brandy, Buster lied and said that the store was very profitable. Brandy knew that Buster was...

Q:

Chapter 6 Defusing Negligence Liability Earlier in this book we discussed the concept of legal fault (blame) and legal obligation (liability). This chapter is devoted to the concept of managing the...

Q:

Item 3 In general, a contract with a minor is: Multiple Choice void. voidable at the election of the adult contracting party. voidable at the election of the minor. voidable at their election of...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

A charge per unit length = +7.00 C/m is uniformly distributed along the positive y -axis from y = 0 to y = + a = +0.400 m. A charge per unit length = -7.00 C/m, is uniformly distributed along the...

Q:

Lewis Incorporated and Clark Enterprises report the following amounts for 2015. Required: 1. Calculate cost of goods sold for each company. 2. Calculate the inventory turnover ratio for each company....

Q:

4 . Flowchart Analysis Controls Refer to the system flowchart labeled Problem 4 . Problem 4 System Flowchart Analysis Required Discuss the uncontrolled risks associated with the systems as currently...

Q:

What will happen to the premium on the option as the stock price increases? The premium on the option increases. There will be no change in the premium on the option. The premium on the option...

Q:

National government. This applies particularly to the legislative framework under which firms operate in such countries as Czech Republic, including company, employment and social legislation that...

Q:

2 The transfer of management knowledge from the German to the Czech operations may be problematic not only because of the power position of the German partner, but also the hunger for Western...

Q:

4 How can the development of a learning organization help in the success of the joint venture, and what form should this take?