Boyd Is a Minor

question 23

Multiple Choice

Boyd is a minor.As a minor,Boyd has the capacity to enter into

• A)an invalid contract.
• B)an unavoidable contract.
• C)a valid contract.
• D)no contract.

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Definitions:

Board of Directors

A group of elected individuals who represent shareholders and oversee the major decisions and policies of a corporation.

External Auditors

Independent accountants or audit firms that review a company's financial statements to ensure accuracy and compliance with accounting standards.

Securities & Exchange Commission

A government agency that oversees securities transactions, activities of financial professionals, and mutual fund trading to prevent fraud and intentional deception.

Financial Disclosure

The process of providing financial information to stakeholders about a company's performance, financial status, and operations.