Generally, a Minor Is Liable Under Contract Law for Purchases

question 42

Multiple Choice

Generally, a minor is liable under contract law for purchases of necessaries (e.g., food, clothing, shelter, and medical care) . However,​

• A)the necessary that is bought must truly be needed and must not be something that is provided by, or is readily available from, the parent or guardian.
• B)the price charged must be reduced to the seller's out-of-pocket costs, plus no more than 10% of gross profit on the item.
• C)the goods must be guaranteed to last at least until the minor becomes an adult.
• D)none of the above

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Definitions:

Horizontal Differentiation

The division of tasks, responsibilities, and operations across different departments or units within an organization on the same hierarchical level.

Spatial Differentiation

The process or state in which different geographic or physical spaces acquire distinct characteristics or functions within an organization or system.

Vertical Differentiation

An organizational structure distinction that refers to the hierarchical layering of management levels and responsibilities.

Lateral Differentiation

Lateral Differentiation refers to the division of tasks and responsibilities among different departments or units within an organization, emphasizing specialization and division of labor.