Which of the Following Would Affect the Status of a Contract

question 71

Multiple Choice

Which of the following would affect the status of a contract entered into by a minor upon that individual attaining the age of majority?

• A) The contract is ratified after attaining legal capacity.
• B) The contract involves enforceability by some statute.
• C) The contract involves a non-continuing interest.
• D) The contract is of a permanent or continuous nature.

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Definitions:

Volatile

Characterized by rapid and unpredictable changes or fluctuations, often used to describe chemical substances that easily vaporize at normal temperatures or financial markets prone to rapid changes.

R-Selected Species

Species that produce a large number of offspring with a low probability of survival into adulthood, often adapting to unstable environments.

Biotic Potential

The peak reproductive potential of a life form when environmental conditions are ideal.

Density-Dependent

Referring to factors whose effects on a population vary depending on the population density.