Upon Attaining the Age of Majority,a Minor May Be Bound

question 17

Multiple Choice

Upon attaining the age of majority,a minor may be bound by two kinds of voidable contracts,namely

• A)contracts that create an interest of a continuous and permanent nature,and contracts that are ratified by the minor.
• B)contracts pertaining to real estate,and contracts pertaining to intellectual property.
• C)contracts of service and contracts of employment
• D)contracts of purchase,and contracts of sale.
• E)contracts that concern necessaries,and contracts that concern non-necessaries.

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Definitions:

UCC

An acronym for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty establishing a uniform international sales law.

Reasonable Grounds

A basis of sufficient facts and information indicating that a belief or action is more likely true or correct than not, often used in legal contexts.

Shipment Contract

A contract in which the seller is obligated to send the goods to the buyer but is not responsible for loss or damage to the goods once they have been shipped.