A Contract with a Minor in Which the Minor Has

question 2

Multiple Choice

A contract with a minor in which the minor has a right to repudiate is called:

• A)a good contract.
• B)a void contract.
• C)a valid contract.
• D)a voidable contract.

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Definitions:

Food Stamps

A government assistance program that provides funds to low-income households for the purchase of food.

Medicaid Benefits

Health insurance program in the United States that provides medical assistance to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Official Poverty Rate

A statistical measure determined by the government that defines the percentage of the population whose income falls below the threshold considered necessary to meet basic living needs.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other sources of income.