Ordinarily, If an Agreement Is Completely Executory, the Minor's Failure

question 48

Short Answer

Ordinarily, if an agreement is completely executory, the minor's failure to act after reaching majority is considered an act of ____________________.

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Definitions:

Price Capital

The cost of acquiring assets used for production, such as machinery or buildings, often referred to as investment in capital goods.

Employment Decline

A reduction in the number of employed individuals within a specific job market, sector, or economy over a certain period.

Occupations

Various types of jobs or professions in which individuals engage to earn a living.

Economic Principle

A widely accepted generalization about the economic behavior of individuals or institutions.