Which of the Following Occurs When a Person Reaches the Age

question 80

Multiple Choice

Which of the following occurs when a person reaches the age of majority and states,either orally or in writing,that he or she intends to be bound by the contact entered into as a minor?

• A)Implied ratification
• B)Express ratification
• C)Express novation
• D)Implied novation
• E)Disaffirmance

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Definitions:

Unemployed Workers

Unemployed workers are individuals actively seeking employment but are unable to find work, forming part of the labor force.

Unemployment Insurance

A program run by the government that offers monetary support to people who are unemployed due to reasons beyond their control.

Labor Force

The total number of people aged 16 and over who are either employed or actively seeking employment.

Civilian Non-Institutional Population

Individuals 16 years of age and older residing in the country who are not in the military or institutions such as prisons and mental hospitals, representing potential participants in the labor force.