In Some States,minors Are Liable for Contracts Involving Bank Accounts

question 13

True/False

In some states,minors are liable for contracts involving bank accounts and student loans and cannot avoid these contracts even though they can avoid other types of contracts.

---

Definitions:

Resistance

A measure of the opposition to current flow in an electrical circuit, affecting how much current flows for a given voltage.

Circuit Breakers

A circuit protection device that acts like a switch to open the circuit when current flow becomes excessive.

Excessive Current

A condition where the flow of electrical current exceeds the design limits of a circuit or device, potentially causing damage or overheating.

Reset

The act of bringing a device, component, or system back to its original state or setting, often to correct a malfunction or restart a process.