In Which of the Following Situations Would a Minor Be

question 26

Multiple Choice

In which of the following situations would a minor be unable to disaffirm a contract which he had made?

• A) Upon restoring the consideration received in a situation involving a fully executed contract.
• B) Where real property is involved, upon reaching the age of majority.
• C) During the time of his minority or for a reasonable time thereafter.
• D) Where the minor wishes to perform part of a contract and disaffirm another part of the same contract.

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Definitions:

Bullwhip Measure

Refers to the calculation of the variation in demand and inventory levels within a supply chain, illustrating how slight changes in consumer demand can lead to larger variances in orders placed upstream.

Dampening Scenario

A situation where fluctuations in demand or supply are reduced or stabilized to minimize the impact on operations or planning.

Bullwhip Measure

A metric that quantifies the increase in variability or fluctuations in order and inventory levels observed as one moves up the supply chain from retailers towards manufacturers.

Supply Chain

The network of manufacturers, suppliers, and logistics providers involved in producing and delivering a product to the end user.