A Minor Who Disaffirms a Contract for Necessaries Is No

question 10

True/False

A minor who disaffirms a contract for necessaries is no longer liable for the reasonable value of the goods.

---

Definitions:

Output

The quantity of goods or services produced in a given time period.

Price Per Unit

The cost of a single unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Marginal Revenue

Marginal revenue is the additional income earned from selling one more unit of a good or service.