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In Which of the Following Situations Can a Minor End

question 19

Multiple Choice

In which of the following situations can a minor end a contract with no liability?


Definitions:

Bootstrapping

Starting a business with minimal financial resources and relying on one's own efforts and funds rather than seeking significant external funding.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, representing the business's main source of revenue.

Crowdfunding

Securing capital for a project or business by requesting small financial contributions from a large group of individuals, mainly via online channels.

Product Pitch

A presentation or argument made to potential customers or investors, highlighting the benefits and value of a product.

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