Which of the Following Is True of Minors' Ability to Disaffirm

question 11

Multiple Choice

Which of the following is true of minors' ability to disaffirm?

• A) Minors may disaffirm their contract for a reasonable time before attaining majority.
• B) Minors may disaffirm their contracts at any time during their minority.
• C) Minors may disaffirm by doing anything that clearly indicates to the other party and intent to be bound by the terms of the contract.
• D) Minors may disaffirm before reaching majority if their contracts involve title to real estate.

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Definitions:

Payroll Register

A payroll register is a detailed document that records all employees' payroll activities, including wages, salaries, deductions, and net pay for a specific period.

Net Pay

The amount of an employee's earnings remaining after deductions, such as taxes and social security contributions, have been made.

Withholding Table

A chart that helps employers determine the amount of taxes to withhold from employees' paychecks based on their earnings and tax status.

FICA Tax Rate

The combined percentages for Social Security and Medicare taxes that employers and employees must pay based on wages or salaries.