Which One of the Following Correctly Indicates the Position of the Parties

question 1

Multiple Choice

Which one of the following correctly indicates the position of the parties in respect to contracts involving minors?

• A) All contracts with minors are void.
• B) Contracts with minors are unenforceable by the infant against the adult and by the adult against the infant.
• C) Contracts with minors are void, except beneficial contracts of service.
• D) An adult cannot sue the infant on the contract even if the infant affirms the contract after reaching the age of majority.
• E) An infant can enforce a contract made by an adult with him despite that fact that he is a minor.

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Definitions:

No-load Mutual Fund

A mutual fund that does not charge any type of sales load or commission to investors.

Expense Ratio

Expense Ratio is the annual fee that mutual funds, exchange-traded funds (ETFs), and other pooled investment products charge their shareholders, expressed as a percentage of assets under management.

Rate of Return

The profit or deficit experienced from an investment, represented as a percentage of the investment's starting price.

Multiple-class Shares

Stocks issued by a single company that have different rights, dividends, or voting powers, typically designated as Class A, Class B, etc.