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A Contract Between an Adult and a Minor Is

question 27

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A contract between an adult and a minor is


Definitions:

Chapter 7

A provision of the bankruptcy code that allows for liquidation of a debtor's assets to pay off creditors.

Involuntary

Occurring without an individual's consent or will.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law across the country.

Default

A failure to fulfill a legal obligation or agreement, such as not making a scheduled loan payment on time.

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