If a Minor Wishes to Be Bound to a Contract

question 16

Multiple Choice

If a minor wishes to be bound to a contract after becoming an adult,she must:

• A)Ratify the contract.
• B)Disaffirm the contract.
• C)Give back the goods or services received as a minor.
• D)Bring an action to verify the contract.

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their consumption of resources.

Preparing Deliveries

The process involved in getting goods ready for shipment to customers, including packaging, labeling, and coordinating logistics.

Time-Driven

Refers to actions or processes that are triggered or scheduled based on specific time conditions.

Activity-Based Costing

A costing method that assigns costs to products based on the activities required to produce each product, with the aim of providing more accurate product costing.