In Some States,minors Are Liable for Contracts Involving Bank Accounts

question 13

True/False

In some states,minors are liable for contracts involving bank accounts and student loans and cannot avoid these contracts even though they can avoid other types of contracts.

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Definitions:

Federal Sentencing Guidelines

Rules established by the United States federal government that set out a uniform policy for sentencing individuals and organizations convicted of felonies and serious (Class A) misdemeanors.

Business Misconduct

Unethical or illegal actions undertaken by individuals or organizations in a business context.

Government Regulation

Laws and directives imposed by governments in order to control or modify economic, social, or individual behaviors within a country.

Morals

Principles or habits with respect to right or wrong conduct, forming the basis of ethical behavior.