Minors Are Liable for the Value of Necessaries They Have

question 26

True/False

Minors are liable for the value of necessaries they have purchased under a contract but have not received at the time they disaffirm.

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Definitions:

Indefinitely

For an unlimited or unspecified period of time, often used in the context of contracts or agreements.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, represented as a proportion of the investment's initial expense.

Dividends

Payments made by a corporation to its shareholder members, representing a distribution of the company's profits.

Annually

A term that pertains to an event or item that occurs once every year.