Randy, as His Two Older Brothers Before Him, Moved Out

question 58

Multiple Choice

Randy, as his two older brothers before him, moved out of the house when he was quite young. When he was 17, he and his older brother, Ted, wanted to buy a condominium in Nelson. They both had jobs and the bank was willing to lend them money and take a mortgage on the condo. Which of the following is a correct statement about the law governing this situation?

• A) These contracts would be binding on Randy only if he disclosed the fact that he was a minor to the other parties.
• B) All contracts with infants are void.
• C) The mortgage agreement would be binding on Randy as an adult if he continued to make payments after reaching the age of majority.
• D) A mortgage granted by Randy to the bank is effective until a court orders otherwise.
• E) All infants' contracts are enforceable as soon as they become adults.

Differentiate between primary and secondary research techniques.

Distinguish between informational, analytical, and other types of business reports.

Understand considerations for web content development and management.

Recognize methods for ensuring reliability and validity in research.

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Definitions:

Aldosterone

Hormone secreted by the adrenal cortex that regulates the sodium and potassium ion balance of the blood.

ADH

Antidiuretic Hormone, also known as vasopressin, a hormone that helps regulate the body's balance of water by reducing the amount of water excreted in urine.

ACTH

Adrenocorticotropic hormone, a polypeptide tropic hormone produced and secreted by the anterior pituitary gland that stimulates the adrenal cortex.

Parathyroid Gland

Gland embedded in the posterior surface of the thyroid gland; it produces parathyroid hormone.