Which of the Following Statements Is Not True Concerning the Contractual

question 3

Multiple Choice

Which of the following statements is not true concerning the contractual capacity of minors in New South Wales?

• A)Minors who affirm (ratify)an unenforceable when they reach 18 years of age are legally bound from the time of the ratification.
• B)The relevant statute is the Minors (Property and Contracts)Act 1970
• C)Persons who are under 18 years of age have the right to enter into a contract
• D)Minors who have entered contracts are bound by the common law and the Minors (Right of Contract)Act 1972.

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Definitions:

Organizational Culture

The shared values, beliefs, norms, customs, and practices that shape the social and psychological environment of a business or organization.

Organizational Philosophy

The set of values, beliefs, and principles that guides a company's operations and defines its purpose and approach to business.

Dominant Values

The overarching beliefs and principles that are widely accepted and prioritized within a society or organization.

External Adaptation

The process of adjusting or modifying external elements or surroundings to better fit or survive in them.