In Some States,minors Are Liable for Contracts Involving Bank Accounts

question 13

True/False

In some states,minors are liable for contracts involving bank accounts and student loans and cannot avoid these contracts even though they can avoid other types of contracts.

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Definitions:

Illegal Drug Use

The use of drugs that are prohibited by law, including substances without a prescription or drugs banned by legislation.

Arson

The criminal act of deliberately setting fire to property, typically for malicious or fraudulent purposes.

Insurance Fraud

Illegally manipulating or fabricating claims with the intent to obtain undue financial benefit from an insurance policy.

White-Collar Crime

A category of non-violent crimes, usually committed in commercial situations for financial gain.