Businesses Do Not Ordinarily Require Parents to Sign Any Contract

question 11

True/False

Businesses do not ordinarily require parents to sign any contract made with a minor.

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Definitions:

Owner

The person or entity that has legal title, possession, or control over property, assets, or goods, and has the right to use, manage, and dispose of them.

Concurrent Property Ownership

Refers to a situation where two or more parties hold ownership rights in a single piece of property simultaneously.

Cooperative

An organization owned and operated by a group of individuals for their mutual benefit.

Fee Simple Absolute

The most complete form of property ownership, giving the owner total control and rights to the property.