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In the Case of Minors' Contracts, Silence or Inaction Is

question 28

Multiple Choice

In the case of minors' contracts, silence or inaction is the basis for a(n) ________ contract becoming a valid, enforceable contract through ratification.


Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.

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