A Minor Entered into a Contract with GAM & Co

question 62

Multiple Choice

A minor entered into a contract with GAM & Co.On attaining majority,he wishes to enforce the contract.The adult party must:

• A) perform the contract.
• B) rescind the contract.
• C) abandon the contract.
• D) ratify the contract.

---

Definitions:

Process Controls

Systems and procedures implemented to regulate and guide processes, ensuring they meet certain standards or achieve desired outcomes.

Conglomerates

Firms that own several different unrelated businesses.

Organization Charts

Diagrams that display the structure of an organization, detailing the roles, responsibilities, and relationships between different entities or positions.

Managing by Exception

A management strategy where leaders only intervene or take action in cases of significant deviation from set standards or performance.