Randy, as Two Older Brothers Before Him, Moved Out of the House

question 98

Multiple Choice

Randy, as two older brothers before him, moved out of the house when he was quite young. When he was 17, he and his older brother, Ted, wanted to buy a condominium in Nelson. They both had jobs and the bank was willing to lend them money and take a mortgage on the condo. Which of the following is a correct statement about the law governing this situation?

• A) All infants' contracts are enforceable as soon as they become adults.
• B) A mortgage granted by Randy to the bank is effective until a court orders otherwise.
• C) The mortgage agreement would be binding on Randy as an adult if he continued to make payments after reaching the age of majority.
• D) All contracts with infants are void.
• E) These contracts would be binding on Randy only if he disclosed the fact that he was a minor to the other parties.

---

Definitions:

Program Flow

The sequence or order in which instructions or operations are executed within a software program or automated system.

MCR Instructions

Instructions within programmable logic controllers that define the start and end of a Master Control Reset, affecting how certain program blocks execute.

Conditional MCR Output

This refers to a specific condition under which a Master Control Reset (MCR) output in a Programmable Logic Controller (PLC) system acts, affecting the operation of connected devices or circuits.

Frictional Unemployment

Temporary unemployment experienced by individuals transitioning between jobs or entering the workforce.