In General, If a Minor Lies About Her Age in Order

question 22

True/False

In general, if a minor lies about her age in order to induce the seller to contract with her, she cannot disaffirm that contract.

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Definitions:

Total Benefit

The entire value or advantage received from consuming a good or service.

Marginal Benefit

The increased happiness or advantage someone gets from using another unit of a certain good or service.

Marginal Benefit

The additional satisfaction or utility gained from consuming or producing one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service, which varies depending on the level of production.