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Match Each Term Below with Its Description

question 76

Multiple Choice

Match each term below with its description.
-Being on or affecting the same side of the body

Recognize the conditions under which contracts can be void, voidable, or ratified.
Identify the legal mechanisms available for the protection of minors in contracts, including disaffirmance and ratification.
Understand the doctrine of necessaries and its application to contracts involving minors and mental incompetents.
Grasp the consequences of misrepresentation of age by minors in entering contracts.

Definitions:

Retirement Age

The age at which a person is eligible to retire from their occupation and begin receiving pension or retirement benefits.

Subminimum Wages

Wages paid to certain workers that are below the federal or state minimum wage level, often justified by specific conditions such as training periods or disabilities.

Fair Labor Standards Act

United States legislation that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week, among other protections for workers.

Social Security

A government program that provides financial assistance to people who are retired, disabled, or survivors of deceased workers, mainly funded through payroll taxes.

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