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

question 25

Multiple Choice

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

• A)Life insurance
• B)Health insurance
• C)Psychological counseling
• D)Life insurance,health insurance,and psychological counseling
• E)Health insurance and psychological counseling,but a minor does have the right to disaffirm a contract for life insurance,because life insurance premiums have a disparate impact (actuarially)on minors

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Definitions:

Services Provided

Tasks or activities done for others, typically in exchange for payment.

Dance Instruction

The act of teaching the art of dance, encompassing a wide range of styles and techniques taught by skilled instructors.

General Journal

A bookkeeping ledger that records every business transaction in chronological order.

Cash Payment

The transfer of money, either physically or electronically, to settle a debt or complete a purchase.