Which of the Following Is Not True

question 116

Multiple Choice

Which of the following is not true?

• A) A minor can still disaffirm a contract for a reasonable time after reaching majority.
• B) In most states a minor who misrepresents his or her age has no duty to place the competent party in status quo if the minor disaffirms the contract.
• C) A minor must pay the agreed price on a contract for necessaries.
• D) What constitutes a necessary varies over time and can differ from state to state.
• E) A minor does not have to wait until reaching majority to disaffirm a contract.

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Definitions:

Global Market Entry Strategy

Plans and methodologies developed by businesses to enter international markets, considering factors like market analysis, entry mode, and competitive dynamics.

Political and Regulatory Climate

The current environment and trends in government policies and regulations that affect businesses and markets.

Macrofinancing

Financial operations and policies on a large scale, often involving significant amounts of money and impacting the broader economy.

Exporting

The process of trading products or services made in one country with purchasers in a different country.