Lucy,a Minor,disaffirms a Contract for Necessaries Without Returning the Goods

question 12

Multiple Choice

Lucy,a minor,disaffirms a contract for necessaries without returning the goods.To Manny's Food Mart,the seller,Lucy is required to pay

• A)nothing.
• B)the reasonable value of the goods.
• C)the sales price of the goods.
• D)the ultimate worth of the goods.

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Definitions:

Wage Ratio

The comparative rate of pay for different jobs or workers, often analyzed to assess equity or disparity in employment income.

Discriminating Firms

Companies that differentiate their product or service offerings and pricing strategies to cater to different consumer segments or markets.

Production Costs

Production Costs are the expenses directly tied to the creation of goods or services, including materials, labor, and overhead costs.

Nondiscriminating Firms

Businesses that offer the same terms, conditions, and prices to all customers without any form of prejudice or favoritism.