A Minor's Declaration of Trust Is Voidable

question 51

True/False

A minor's declaration of trust is voidable.

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Definitions:

Breach Of Contract

A situation where one party fails to fulfill their obligations under a contract.

Adequacy Of Consideration

The fairness of the value exchanged in a contract, though not necessarily equal in monetary terms.

Court

An institution established by the government to settle disputes through a legal process, providing a forum where evidence is presented and legal judgments are made.

Consideration

Something of value (such as goods, services, or money) that is exchanged between parties in a contract, making the agreement legally binding.