Examlex
Which of the following statements is TRUE?
Voidable
describes a contract or transaction that is valid and enforceable on its face, but may be deemed void by one or more of the parties due to certain conditions.
Disaffirm
The act of rejecting, denying, or voiding a contract or agreement, especially one entered into by a minor or under conditions that render it voidable.
Age Of Majority
The legal age at which an individual is considered legally competent to consent to contracts and manage personal affairs; varies by country, generally 18 or 21 years old.
Emancipated
Refers to a minor who has been legally freed from control by their parents or guardians, obtaining adult rights and responsibilities.
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