Which of the Following Is True in Regard to How

question 9

Multiple Choice

Which of the following is true in regard to how Chinese law treats contracts entered into by minors?

• A) Because parents are considered responsible for their children's actions, parents are held responsible for any contracts entered into by their minor children.
• B) Minors are held responsible only for contracts involving necessities.
• C) Minors are not held responsible for any contracts, and contracting with a minor is illegal subjecting the adult contracting party to prison time.
• D) Children between ten and eighteen are deemed competent for entering into certain contracts appropriate to each child's mental state.
• E) Children are held responsible only for contracts involving educational expenses.

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Definitions:

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Political Goods

Services or benefits, such as security and safety, provided by a government to its citizens, which are non-exclusive and cannot be easily provided by the private sector.

Coercive Force

The use or threat of force to persuade someone to act in a certain way, often seen in legal or military contexts.

Private Firms

Businesses owned by private individuals or groups, as opposed to being publicly traded or government-owned.