Alice Is Sixteen Years Old When She Enters into a Contract

question 27

Multiple Choice

Alice is sixteen years old when she enters into a contract with Eric, who is twenty-one years old, to sell her car to him for $10,000. Alice and Eric's contract is

• A) disaffirmed.
• B) breached.
• C) voidable.
• D) voided.

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Definitions:

Defense

The action of defending from or resisting attack, or the strategies and structures established for this purpose, relevant in both military and legal contexts.

Unregulated Markets

Economic markets that lack governmental oversight and regulation, allowing for free operation according to the forces of supply and demand.

Progressive Reformers

Activists and policymakers in the late 19th and early 20th centuries who sought to address issues of social justice, economic inequality, and corruption through various reforms.

Capitalism

An economic system characterized by private or corporate ownership of goods and the means to produce them, with the goal of generating profit in a competitive market.