Donald Is a Minor

question 54

Multiple Choice

Donald is a minor. He can enter into any contract an adult can, provided

• A) the adult is willing to enter into contracts with minors.
• B) Donald is willing to disaffirm or nullify the contract.
• C) the contract is not one prohibited by law for minors.
• D) an adult is willing to ratify the contract.

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Definitions:

General Incorporation Law

State laws that allow businesses to incorporate and outline the process, benefits, and obligations of doing so, typically providing a flexible framework for the establishment and operation of corporations.

Lawyers Incorporate

The process by which lawyers form a corporation, typically to limit personal liability or for tax advantages.

Commerce Clause

A provision in the U.S. Constitution granting Congress the power to regulate interstate and international commerce, serving as a foundational element for federal laws affecting the economy.

State Tax

Taxes imposed by individual states on individuals, businesses, or property to generate revenue for state governments.