A Contract Entered into by a Minor

question 9

Multiple Choice

A contract entered into by a minor:

• A) is usually void.
• B) is usually voidable.
• C) is usually enforceable against the minor.
• D) becomes enforceable if not rescinded within sixty days.
• E) None of the above

---

Definitions:

Reserves

refers to funds or materials set aside or saved for future use or emergencies, often in the context of banking or natural resources.

Checkable Deposits

Bank account balances that can be accessed using checks, debit cards, or electronic means to make payments directly.

United Bank

A generic term that may refer to any bank operating under the name "United Bank" in various parts of the world.

Excess Reserves

The reserves held by banks over and above the minimum required by the central bank, available for lending or investment.