Examlex
Which of the following statements about standardization is NOT correct?
Contract
A legally enforceable agreement between two or more parties with mutual obligations.
Voidable
A legal term describing a contract or transaction that may be declared invalid by one of the parties to the contract.
Minor's Option
The legal ability of a minor to affirm or void contracts and agreements, based on their lack of legal capacity to enter into contracts.
Deposit
An upfront payment or security placed in trust or as a guarantee for the fulfillment of an obligation or purchase.
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