Which of the Following Is True About a Minor's Right

question 58

Multiple Choice

Which of the following is true about a minor's right to disaffirm a contract?

• A)A minor must reach the age of majority to disaffirm a contract.
• B)Contracts that come under the necessaries of life can be disaffirmed by minors.
• C)Minors are exempt from duty of restoration during the period of minority.
• D)A minor can disaffirm a contract any time prior to reaching the age of majority.

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Definitions:

Framing Bias

A cognitive bias where people decide on options based on whether the choices are presented with positive or negative connotations.

Positively Correlated

A relationship between two variables where they move in the same direction, meaning as one variable increases, the other does as well.

Trading Activity

The volume or quantity of buying and selling transactions in a financial market over a specific period.

Average Returns

The mean financial return of an investment over a given time period, calculated by summing the returns of each period and dividing by the number of periods.