When a Minor Enters into a Contract,who Can Disaffirm the Contract

question 75

Multiple Choice

When a minor enters into a contract,who can disaffirm the contract?

• A)Neither party
• B)Either party
• C)The minor only
• D)A court

---

Definitions:

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Bridge Financing

Short-term financing used until a person or company secures permanent financing or removes an existing obligation.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Operating Expenses

The ongoing costs for running a product, business, or system, excluding the costs associated with the production of goods or services.