Which of the Following Is True of a Minor's Duty

question 64

Multiple Choice

Which of the following is true of a minor's duty toward a contract for necessaries of life?

• A) Minors need to reach the age of majority to enter into contracts for necessaries of life.
• B) Minors are exempt from paying for contracts for necessaries of life.
• C) Minors must pay the reasonable value of necessaries of life for which they contract.
• D) Parents are liable to provide necessaries of life to their minor children if they become emancipated.

Recognize the role and placement of noun clauses within a sentence.

Understand the core concepts of infant and toddler cognitive development, including core knowledge and information processing.

Recognize the developmental milestones in language and speech, including the universality of telegraphic speech and the significance of parental responsiveness.

Explain the role of socioeconomic status on cognitive development and language acquisition.

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Definitions:

Yield To Maturity

The expected rate of return on a bond if held until its maturity date, reflecting both interest payments and any gain or loss if the bond was purchased at a discount or premium.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Coupon Rates

The interest rate stated on a bond when issued, which represents the annual interest payment divided by the bond's face value.

Coupon Interest Rate

The rate at which a bond issuer agrees to pay interest to the bondholders, usually expressed as an annual percentage of the face value of the bond.