Melody, Age 17, Makes a Contract with Seung, Who Is

question 42

Multiple Choice

Melody, age 17, makes a contract with Seung, who is an adult. Melody:

• A) may exercise the power of avoidance, called disaffirmance, while still a minor, and thereby be released from any liability on the contract.
• B) may ratify the contract while still a minor, thereby surrendering the power of avoidance.
• C) has entered a void contract since she lacked capacity.
• D) may disaffirm only after reaching the age of majority.

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Definitions:

MRP Services

Services that support the implementation and operation of Material Requirements Planning systems, helping businesses optimize their inventory and production processes.

MRP Manufacturing

A planning and inventory control system used to manage manufacturing processes, ensuring materials are available for production and products are available for delivery.

Net Requirements

Calculations that determine the actual amount of materials or resources needed for production, taking into account current inventory and scheduled receipts.