Dari, a Minor, Wants to Disaffirm a Contract That She

question 69

Multiple Choice

Dari, a minor, wants to disaffirm a contract that she entered into with Echo, a cell service company. The law in Dari's state, as in all states, permits minors to disaffirm

• A)fully executed contracts only.
• B)executory contracts only.
• C)executory and fully executed contracts.
• D)none of the choices.

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Definitions:

Financial Intermediary

is an institution that acts as the middleman between investors and firms, facilitating investments and financial transactions.

Holder-in-due-course Status

A legal status that provides a holder of a negotiable instrument certain rights, free from many defenses and claims that could be asserted against the original party.

Fraud in the Inducement

A type of fraud that occurs when false statements, promises, or misrepresentations lead another to enter into a contract or agreement.

Unauthorized Completion

The act of finishing or filling out a document or contract without the explicit authorization or consent of all parties involved.