By the Majority View,a Minor Need Only Return Any Property

question 48

True/False

By the majority view,a minor need only return any property he has received from the other party if the minor wishes to disaffirm the contract.He has no duty to return the property in the same condition in which he received it.

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Definitions:

Interest Rate

The percentage of a loan amount that is charged to the borrower as interest, usually calculated on an annual basis from the outstanding loan.

Efficient Markets Hypothesis

A financial theory stating that asset prices fully reflect all available information.

Overvalued

A term used to describe a situation in which a security or asset is trading at a price that exceeds its intrinsic value.

Undervalued

A description of an asset or currency whose price is believed to be lower than its intrinsic value.