An Enforceable Contract Is Made by an Adult with a Minor

question 3

Multiple Choice

An enforceable contract is made by an adult with a minor. Which of the following is most likely to hold true in this case?

• A)The contract is enforceable against the adult but not against the minor.
• B)The contract is enforceable against the minor but not against the adult.
• C)The contract is not enforceable against either of the parties until the minor attains a majority.
• D)The contract is enforceable against the adult only if the minor ratifies the contract.

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Definitions:

Re-Expressing

The mathematical transformation of data in statistics to meet the assumptions of statistical models or to improve interpretability.

Assets

Resources owned by a person or entity considered valuable and can be used to meet debts, commitments, or legacies.

Re-Expression

The process of transforming data using a mathematical function to achieve a more linear relationship between variables.

Histogram

A graphical representation of data using bars of different heights to show the distribution of values within a dataset.