If a Minor Ratifies a Contract While Still Being a Minor,________

question 88

Multiple Choice

If a minor ratifies a contract while still being a minor,________.

• A) the contract can be disaffirmed by the minor
• B) the minor is bound by the terms of the contract
• C) the minor is exempt from the duty of restitution
• D) the minor has to hold the adult in status quo in case of disaffirmance

Describe the concept of insight in problem-solving and its sudden occurrence.

Evaluate the influence of external framing and cognitive shortcuts on decision-making processes.

Understand the paradox of choice and its implications for decision satisfaction.

Define and identify the impact of mental sets on solving problems.

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Definitions:

Price Floor

A government or regulatory minimum price set above the equilibrium price, intended to ensure market participants receive a fair return.

Moral Argument

A rationale based on ethical principles and values to persuade or justify particular actions or beliefs.

Political Argument

A reasoned discourse or debate focused on a specific political issue, policy, or idea.

Inefficiency

A situation where resources are not used in the best possible way, leading to wastage or less optimal outcomes.