Which of the Following Statements Is TRUE

question 69

Multiple Choice

Which of the following statements is TRUE?

• A)A minor can never make a contract.
• B)Parents are liable for their children's contracts.
• C)A minor can make a contract for necessities (necessaries).
• D)If an adult honestly believes a minor is over the age of majority, the contract is binding on the minor.
• E)If a minor pays the contract price in full, the contract is valid.

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Definitions:

Disagree

A situation where two or more parties have differing opinions, perspectives, or choices.

Bargaining Environment

The setting, conditions, and circumstances that influence the dynamics and outcomes of negotiation processes.

Omission

The act of leaving out or excluding something, either intentionally or accidentally.

Conflicts

Disagreements or disputes between parties, typically arising from differing interests or opinions.