Generally a Minor Cannot Disaffirm Which Contract

question 136

Multiple Choice

Generally a minor cannot disaffirm which contract?

• A) for an educational loan
• B) for insurance
• C) for a bank account
• D) for enlisting in the Army
• E) none of the other choices may be disaffirmed

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Definitions:

Indorsed in Blank

A signature on a negotiable instrument like a check, making it payable to whoever holds the instrument, without naming a specific endorsee.

Holder in Due Course

A party that has acquired a negotiable instrument in good faith and for value, granting them certain protections and rights under the law.

Bearer Instrument

A financial document that is not registered in the name of any owner and thus the physical holder has the right to the document's value or benefit.

Signature

A handwritten or digitally produced mark made by an individual to signify agreement, approval, or identity.