As a General Rule,most States Will Not Allow a Minor

question 20

Multiple Choice

As a general rule,most states will not allow a minor to disaffirm contracts for which of the following?

• A) Life insurance, health insurance, and psychological counseling
• B) Health insurance and psychological counseling, but not life insurance
• C) Psychological counseling, but not health insurance or life insurance
• D) Health insurance, but not life insurance or psychological counseling
• E) Education loan contracts and psychological counseling, but not life insurance or health insurance

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Definitions:

Abusive Means

Practices or methods that are harmful, manipulative, or intended to exploit or oppress individuals or groups.

Herfindahl Index

A measure of market concentration that calculates the sum of the squares of the market shares of the firms within an industry, used to assess the competition level.

Market Shares

The percentage of an industry's sales that a particular company controls.

Conglomerate Merger

A type of merger where two or more companies in unrelated business areas combine operations.