A Minor Entered into a Contract with GAM & Co

question 62

Multiple Choice

A minor entered into a contract with GAM & Co.On attaining majority,he wishes to enforce the contract.The adult party must:

• A) perform the contract.
• B) rescind the contract.
• C) abandon the contract.
• D) ratify the contract.

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Definitions:

Gains

Increases in financial resources or advantages, often resulting from investments or economic activities.

Repeated Games

A strategic scenario in which the same game or situation is played multiple times, allowing for strategy evolution based on past outcomes.

Simultaneous

Occurring, operating, or done at the same time.

Sequential Decision

A process of making decisions one after another, where each decision is dependent on the outcome of previous decisions.