Which of the following statements is TRUE?
A) A minor can never make a contract.
B) Parents are liable for their children's contracts.
C) A minor can make a contract for necessities (necessaries).
D) If an adult honestly believes a minor is over the age of majority, the contract is binding on the minor.
E) If a minor pays the contract price in full, the contract is valid.
C
You might also like to view...
An opportunity cost:
A. Is an unavoidable cost because it remains the same regardless of the alternative chosen. B. Is the potential benefit lost by choosing a specific alternative course of action among two or more. C. Results from past managerial decisions. D. Requires a current outlay of cash. E. Is irrelevant in decision making because it occurred in the past.
TSCA includes provisions that:
a. regulate the manufacture of new chemicals. b. allow for the registration of pesticides. c. require that exports be labeled "not registered for use in the United States of America." d. All of these.
Determining the need for labor, machines, and physical resources to meet the production objective
of the firm is called: A) capacity planning. B) production control. C) production planning. D) all of the above E) none of the above
To be a holder in due course, a person must take an instrument
a. before its due date. b. the day after its due date. c. thirty days after its due date. d. ten days after its due date.