In Some States,minors Are Liable for Contracts Involving Bank Accounts

question 13

True/False

In some states,minors are liable for contracts involving bank accounts and student loans and cannot avoid these contracts even though they can avoid other types of contracts.

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Definitions:

Functional Benefit

The practical or utilitarian advantage that a product or service provides to its users.

Psychological Benefit

The emotional or mental gain derived from a product or service, which can include feelings of pleasure, satisfaction, or well-being.

Perceptual Benefit

Perceptual benefit refers to the subjective value or advantage that consumers perceive in a product or service, which influences their decision-making process.

Marketing Strategy

The comprehensive plan formulated particularly for achieving the marketing objectives of the organization; it includes campaigns, actions, and decisions to build and sustain a competitive market position.