At Common Law, a Minor Cannot Be Held Contractually Liable

question 1

True/False

At common law, a minor cannot be held contractually liable for his or her necessary medical expenses when the parent is unable or unwilling to pay.

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Definitions:

Yield To Maturity

Yield to maturity is the total return anticipated on a bond if the bond is held until the end of its lifetime.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, representing the annual interest payment divided by the bond's face value.

Market Price

The real-time price for buying or selling an asset or service.

Face Value

The nominal or dollar value printed on a security or currency, indicating its legal worth.