No Formalities Are Required to Disaffirm a Contract; the Minor

question 9

True/False

No formalities are required to disaffirm a contract; the minor need only manifest an intention to rescind the contract,either by words or by actions.

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Definitions:

Erikson's Theory

A psychosocial development theory by Erik Erikson that outlines eight stages of development throughout the human lifespan, each characterized by a central conflict.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where young adults face the challenge of forming close relationships with others, versus feeling isolated and alone.

Social Clock

The societal norms and expectations for the timing of life events, such as marriage, parenthood, and retirement.

Timing-of-life Events

Refers to the significance of when certain events occur in an individual's life, which can affect outcomes in various domains like health, education, and career.