When a Minor Disaffirms a Contract,he or She Cannot Keep

question 70

True/False

When a minor disaffirms a contract,he or she cannot keep whatever he or she has received as a result of the contract without paying for it.

Understand the pricing theories of futures markets.

Gain insights into the process of marking to market and the role of the clearinghouse.

Understand the impact of futures markets on spot markets and vice versa.

Understand the taxation and accounting for futures trading gains and losses.

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Definitions:

Mechanisms

The step-by-step sequences of elementary reactions by which overall chemical change occurs.

Carbocation Intermediate

A positively charged carbon species that appears as a reactive intermediate in many organic reactions.

Mechanisms

Detailed pathways and steps through which reactants proceed to form products in a chemical reaction, involving intermediates and transition states.

Reaction Mechanism

The step-by-step sequence of elementary reactions by which overall chemical change occurs.