Which of the Following Is Not a Type of Contract

question 40

Multiple Choice

Which of the following is not a type of contract generally recognised as enforceable against a minor?

• A)A contract for necessaries
• B)A contract for goods or services of the type suitable for a person under the age of 18 years
• C)A beneficial contract of service
• D)A contract where the minor acquires a continuing interest or undertakes a continuing obligation

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Definitions:

Exchange Rate

The worth of one currency when converted into another.

Inflation Rate

The rate of increase in the general price level for goods and services, undermining consumer purchasing ability.

Net Present Value

A profitability measure for an investment that is determined by deducting the present value of cash outflows from the present value of cash inflows throughout a specific time frame.

Uncovered Interest Rate Parity

An economic theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between their currencies, assuming no hedge against exchange rate risk.