Which of the Following Would Be Enforceable Against a Minor

question 4

Multiple Choice

Which of the following would be enforceable against a minor?

• A) a contract for a necessary of life
• B) any employment contract
• C) a contract where the minor received legal advice prior to entering into the contract
• D) a contract to purchase a concert ticket

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Definitions:

Bond Indenture

A legal contract specifying the terms and conditions under which bonds are issued, including details of interest payments and the maturity date.

Contract Rate

The agreed-upon interest rate specified in a contract, often relating to loans or bond issues.

Effective Rate

The interest rate on a loan or financial product, rephrased to reflect the actual annual cost of the product over its repayment term.

Bond Discount

The difference between the bond's face value and its selling price when it is sold for less than its face value, representing the additional interest expense to the issuer.