Which of the Following Statements Regarding Contracts for Necessaries Entered

question 63

Multiple Choice

Which of the following statements regarding contracts for necessaries entered into by minors is false?

• A)A contract for a necessary is a contract that supplies the minor with the basic necessities of life.
• B)The purpose of holding minors liable for necessaries is to ensure that minors are able to obtain the basic necessities of life when their parents will not provide them.
• C)Whether something is considered a necessary is related to whether the minor's parents are willing to provide the item in question for the minor.
• D)A minor can disaffirm a contract for necessaries,but the minor will still be held liable for the reasonable value of the necessary.
• E)A minor cannot disaffirm contracts for necessaries.

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Definitions:

Multivariate Analyses

Statistical techniques used to examine the relationships between three or more variables simultaneously.

Contingency Management

An adaptive management strategy that prepares an organization to respond effectively to unexpected situations by considering various possible scenarios.

Contingency Approach

A management theory that suggests the best way to manage an organization depends on the specific circumstances and factors affecting it.

Multivariate Approach

A method in research or analysis that involves multiple variables to understand and interpret complex relationships and outcomes.