Once a Young Person Reaches the Age of Majority and Ratifies

question 78

True/False

Once a young person reaches the age of majority and ratifies a contract made as a minor, he or she has a reasonable period of time to void the contract.

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Definitions:

Distribution Systems

Networks involved in moving a product or service from the supplier to the customer, covering warehousing, transportation, inventory management, and delivery.

Outsourcing

The practice of hiring third parties to perform services, handle operations or provide goods that are either difficult to manage or outside the company's expertise.

Key Success Factors

Critical elements or factors that contribute significantly to the achievement of organizational goals and objectives.

Online Auctions

A virtual marketplace where buyers bid for products or services offered for sale over the internet, with the highest bid at auction close winning the item.