A Minor's Right to Disaffirm a Contract Is Conditioned On

question 139

Multiple Choice

A minor's right to disaffirm a contract is conditioned on:

• A)the ability to return the contract consideration.
• B)whether the minor misrepresented his/her age.
• C)a time limit of six months.
• D)none of the above

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Definitions:

Common Stock

Equity ownership in a corporation, with voting rights and the potential for dividends, representing a claim on a portion of the company's profits.

Supernormal Growth

A temporary period during which a company experiences significantly higher than average growth rates.

Dividend

A corporation's distribution of earnings to its shareholders, commonly as a profit share.

Sustainable

The ability to maintain or improve certain processes or states indefinitely without exhausting resources or causing severe ecological damage.