When Can a Minor Disaffirm a Contract

question 35

Multiple Choice

When can a minor disaffirm a contract?

• A) until reaching a final agreement
• B) until a reasonable time after forming the contract
• C) until a reasonable time after beginning performance of the contract
• D) until reaching the age of majority
• E) until the expiration of a reasonable period of time after reaching the age of majority

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Definitions:

Management Of The Company

The process of directing and controlling a business or organization, focusing on planning, leading, and overseeing operations.

Misappropriation Theory

A theory in securities law that prohibits the trading of a company's stock or other securities by individuals who have access to non-public information about the company, under the belief that it is unfair to other investors who do not have access to the information.

Insider Trading

The unauthorized act of buying and selling stocks for personal gain by leveraging secret information.

Securities Regulation

The body of laws and rules governing the issuance, trading, and sale of securities to protect investors and ensure market integrity.