Ted, a Seventeen-Year-Old High School Student, Was Hired to Perform

question 54

Multiple Choice

Ted, a seventeen-year-old high school student, was hired to perform in four episodes of Gossip Girls. To keep up with his schoolwork, he contracted with Mr. Tech, of Technoland, for a $2,000 laptop computer. He agreed to pay $500 down and the balance by monthly payments of $250. Read each of the following separately and indicate which is true.

• A) This contract is void; therefore, Tech can repossess the laptop which is technically still his whether Ted makes the payments or not.
• B) This contract is a legal contract enforceable against Ted.
• C) This contract is a legal contract enforceable by Ted.
• D) If Ted doesn't make his payments, Tech can sue Ted's parents, because parents are liable for the debts of their minor children.
• E) If this contract is in writing and Ted doesn't make his payments, Tech can sue Ted for breach of contract.

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Definitions:

Drawee Bank

The bank upon which a check is drawn, meaning the bank that is ordered to pay the check's amount.

Aggravated Identity Theft

A crime involving the deliberate use of someone else's identity to carry out illegal activities, especially when it involves fraud or theft and results in severe consequences.

Signature Card

A document signed by an account holder at a financial institution, providing a specimen signature for verification purposes.

Unauthorized Use

Utilization of property, resources, or information without permission, typically violating legal or contractual boundaries.