Generally,parents Are Liable for a Contract Executed by a Minor

question 43

True/False

Generally,parents are liable for a contract executed by a minor unless they cosign the agreements.

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Definitions:

Trade Policy

Government regulations concerning international trade, including tariffs, trade agreements, and import/export controls, aimed at benefiting the country's economic interests.

Clinton Administration

The executive period of the United States, from 1993 to 2001, under President Bill Clinton.

Free Trade

The concept or policy allowing unrestricted import and export of goods and services between countries without tariffs, quotas, or other restrictions.

Unilateralism

A foreign policy approach where a country acts independently without consulting or seeking the approval of other nations.