Which of the following is true regarding the obligation of a minor on disaffirmance? Select one:...
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Which of the following is true regarding the obligation of a minor on disaffirmance? Select one: O A In all states, a minor only receives a return of one-half of the minor's investment. O B. In all states, a minor is entitled to a full refund without returning consideration. O Cin all states, a minor must return any consideration in his control, but he or she is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned. O . The obligations of a minor on disaffirmance vary from state to state. O E in all states, a minor must return any consideration in his control, must make restitution and must pay for any loss in value of the collateral. Which of the following is true regarding the obligation of a minor on disaffirmance? Select one: O A In all states, a minor only receives a return of one-half of the minor's investment. O B. In all states, a minor is entitled to a full refund without returning consideration. O Cin all states, a minor must return any consideration in his control, but he or she is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned. O . The obligations of a minor on disaffirmance vary from state to state. O E in all states, a minor must return any consideration in his control, must make restitution and must pay for any loss in value of the collateral.
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Related Book For
Cost Management A Strategic Emphasis
ISBN: 978-1259917028
8th edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
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