If a Minor Ratifies a Contract While Still Being a Minor

question 82

Multiple Choice

If a minor ratifies a contract while still being a minor, ________.

• A) the contract can still be disaffirmed by the minor
• B) the minor is bound by the terms of the contract
• C) the minor is exempt from the duty of restitution
• D) the minor has to hold the adult in status quo in case of disaffirmance

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Definitions:

Collaboration

The action of working with someone to produce or create something, often seen in business, science, and creative fields.

Coordination Problems

Challenges faced in aligning actions, schedules, or tasks among various parties or units within an organization.

CRP Systems

Capacity Requirement Planning (CRP) Systems are used in manufacturing to plan the production capacity needed to meet customer demands.

Bullwhip Effect

The phenomenon where variations in demand cause increasingly larger fluctuations in the supply chain, often leading to inefficiency and excess inventory.