Which of the Following Is True Regarding the Obligations of a Minor

question 90

Multiple Choice

Which of the following is true regarding the obligations of a minor on disaffirmance?

• A) In all states, a minor must return any consideration in his control but is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
• B) In all states, a minor is entitled to a full refund without returning consideration.
• C) In all states, a minor must return any consideration in his control, must make restitution, and must pay for any loss in value of the collateral.
• D) In all states, a minor only receives a return of half the minor's investment.
• E) The obligations of a minor upon disaffirmance vary from state to state.

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Definitions:

Comedies

Works of literature, theater, or cinema that are intended to be humorous and entertain by highlighting the absurdities or peculiarities of life.

Work of Art

An artifact or performance that has been created with artistic intent, often appreciated for its beauty or emotional power.

Sanskrit

An ancient Indic language of India, in which the Hindu scriptures and classical Indian epic poems are written and from which many northern Indian languages are derived.

Nirvana

In Buddhism, the ideal state of peacefulness. Literally, the term means “extinction” and refers to the elimination of suffering through the elimination of selfish craving.