In Which of the Following Ways Do Courts Prevent Minors,who

question 39

Multiple Choice

In which of the following ways do courts prevent minors,who misrepresent their age,from defrauding adults?

• A)By requiring the minor to place the adult in status quo.
• B)By holding the minor to his/her spoken statements which clearly indicate intent to be bound by the contract.
• C)By ratifying the minor before he/she turns adult.
• D)By proving them incapable of being held in a contract.

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Definitions:

Debits

Entries that are recorded on the left side of a ledger account which increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Credit Side

The right side of an accounting ledger where credits are recorded, often indicating a decrease in assets or an increase in liability or equity.

Debit Side

The Debit Side of an account records increases in assets or expenses and decreases in liabilities, equity, and income in double-entry bookkeeping.

Rules Of Debit

Rules governing the increase or decrease in account balances within the double-entry bookkeeping system, where debits typically increase assets or expenses and decrease liabilities, equity, and revenue.