In Which of the Following Situations Would a Minor Be

question 31

Multiple Choice

In which of the following situations would a minor be unable to disaffirm a contract which he had made?

• A) Upon restoring the consideration received in a situation involving a fully executed contract
• B) Where the minor wishes to affirm part of a contract and disaffirm another part of the same contract
• C) During the time of his minority or for a reasonable time thereafter
• D) None of these.

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Definitions:

Individual Freedom

The liberty of an individual to act, speak, or think without unwarranted or unnecessary restrictions by the state or others.

Liberal-Communitarian Approach

A theoretical framework that seeks to balance individual rights and freedoms with the needs and values of the community.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and a minimal role for government in the economy.

Free Market Ethics

Moral principles or standards governing fair and competitive practices in a market economy without undue government intervention.