When a Minor Falsely Advises the Other Party That He

question 16

Multiple Choice

When a minor falsely advises the other party that he is of the age of majority and based upon that misrepresentation, the other party acting in good faith enters into a contract with the minor:

• A)the minor has lost his right to disaffirm the contract because of the misrepresentation.
• B)the adult party can recover damages from the minor in tort.
• C)the minor is required to restore the other party to the position occupied before the making of the contract.
• D)There is no uniform rule.States differ, and depending upon the state, any of the above could be correct.

Examine the role of pharmaceutical companies and pricing strategies in healthcare.

Understand the principles of insurance risk rating and their impact on healthcare pricing and access.

Understand the principle of computing inventory value at the lower of cost or market.

Understand the method of calculating the ending inventory using average cost.

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Definitions:

Nathaniel Greene

A major general of the Continental Army in the American Revolutionary War, known for his successful military strategies against the British in the southern campaign.

Military Strategy

A planned approach used by armed forces to achieve a specific goal or outcome in warfare or defense operations.

Hard Currency

Currency that is widely accepted around the world as a form of payment and is typically stable and reliable in value.

Import-Export Balance

The economic measure of a country's exports and imports to and from other countries, indicating the trade balance.