In Most States (Majority Rule) a Minor May Disaffirm a Contract

question 29

True/False

In most states (majority rule) a minor may disaffirm a contract even though the consideration received cannot be returned.

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Definitions:

Coupon Rate

The annual interest rate paid by a bond issuer to its bondholders, typically expressed as a percentage of the bond's face value.

Maturity

The date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.

Bond Portfolios

Collections of bonds held by investors or institutions, designed to achieve certain financial goals while managing risk and return.

Indexing

The investment strategy of replicating the performance of a market index, often through passive fund management.