Which of the Following Is True Regarding the Obligation of a Minor

question 1

Multiple Choice

Which of the following is true regarding the obligation of a minor on disaffirmance?

• A) In all states, a minor must return any consideration in his control but is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
• B) In all states, a minor is entitled to a full refund without returning consideration.
• C) In all states, a minor must return any consideration in his control, must make restitution, and must pay for any loss in value of the collateral.
• D) In all states, a minor only receives a return of half the minor's investment.
• E) The obligations of a minor upon disaffirmance vary from state to state.

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Definitions:

Euphotic Zone

The upper layer of a body of water, such as an ocean or lake, that is illuminated by sunlight and supports photosynthesis.

Zooplankton

Small floating or weakly swimming organisms that are a component of the aquatic food web.

Freshwater Supply

Refers to the availability of water from sources such as rivers, lakes, and aquifers that is not salty and is vital for human consumption, agriculture, and supporting biodiversity.

River Zone

The area or region surrounding a river, including its banks and adjacent land, which can play critical roles in ecosystem function and biodiversity.