Opal Is a Minor

question 2

Multiple Choice

Opal is a minor. In at least some states, Opal can enter into a legally binding contract when she

• A)reaches the age of majority.
• B)gets married.
• C)is emancipated from her parents.
• D)all of the choices.

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Definitions:

Cost of Manufacture

The total expenses incurred in producing a product, including materials, labor, and overhead costs.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination that could lessen competition.

Illegal

Activities or actions that are prohibited by law and subject to penalties.