A Minor's Contract Is Voidable at the Election of the Minor

question 46

True/False

A minor's contract is voidable at the election of the minor.

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Definitions:

Developing Countries

Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

Modernize Economies

The process of adopting new technologies, implementing policy reforms, and updating infrastructures to improve a country's economic performance and productivity.

Own Property

The legal right or interest that an individual or entity has in an asset, allowing them to possess, use, and dispose of it.

Increasing Younger Workforce

A trend where businesses experience an influx of younger employees, impacting workplace dynamics and expectations.