A Contract with a Minor Which the Minor Has a Right

question 19

Multiple Choice

A contract with a minor which the minor has a right to repudiate is called:

• A) A good contract.
• B) A void contract.
• C) A valid contract.
• D) A voidable contract.

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Definitions:

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a person, family, or society.

Population Growth

The increase in the number of individuals in a population, often measured as a percentage of the total population.

Underemployment

A situation where individuals are working fewer hours than they prefer or are employed in positions that do not utilize their skills or education level fully.

Production Possibilities Curve

A graphical representation that shows the maximum quantity of one good that can be produced for each possible quantity of another good, given the available resources and technology.