________ Is the Act of a Minor After He or She

question 29

Multiple Choice

________ is the act of a minor after he or she has reached the age of majority, by which he or she accepts a contract entered into when he or she was a minor.

• A) Exculpation
• B) Restitution
• C) Ratification
• D) Emancipation

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Definitions:

Lower Prices

Reduced costs of goods or services offered to consumers, often used as a strategy to increase demand or market share.

Market Share

The portion of a market controlled by a particular company, expressed as a percentage of total sales in the industry.

New Customers

Individuals or entities that have recently started purchasing goods or services from a business.

Business Plan

A document that outlines a company's future objectives and strategies for achieving them, often crucial for securing financing.