Which of the Following Statements About Minors' Contracts Is TRUE

question 20

Multiple Choice

Which of the following statements about minors' contracts is TRUE?

• A)Food is always a necessity (necessary).
• B)If a minor buys a necessity (necessary)and overpays, there is nothing the minor can do about it.
• C)If a student is a minor when taking out a student loan, she won't have to pay it back, but her parents might.
• D)If a minor signs a contract for a cell phone, the courts will not let the minor out of the agreement.
• E)None of the above

Identify conditions for medical procedures not to be classified as battery.

Understand the concept and characteristics of common resources.

Recognize the difference between common resources and private resources and their impact on resource allocation.

Identify the incentives for efficient resource use when ownership changes.