In Lopez V

question 72

Multiple Choice

In Lopez v. Kmart Corporation, the case in the text regarding disaffirmance, did the court find the minor plaintiff's disaffirmance of an employment contract to be reasonable?

• A) Yes, because the disaffirmance occurred within one month of reaching the age of majority.
• B) Yes, because the disaffirmance occurred within six months of reaching the age of majority.
• C) The court did not find the disaffirmance to be reasonable.
• D) No, because the plaintiff could have disaffirmed the contract when he was under the age of majority but chose not to do so.
• E) Yes, because the type of contract at issue was an arbitration agreement.

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Definitions:

Adjusted Balance

The account balance after adjustments have been made for interest, payments, and charges.

Bank Statement

A document issued by a bank summarizing an account's transactions, including deposits, withdrawals, and current balance, over a specific period.

Deposits In Transit

Deposits made in a bank account that have not yet been processed and posted by the bank to the depositor's account balance.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn on, leading to a "non-sufficient funds" status.