Nathan entered a contract while he was seventeen. If, upon reaching the age of majority, he has not avoided the contract and promises to perform those contractual obligations, new consideration is required for the contract to be enforceable
a. True
b. False
Indicate whether the statement is true or false
False
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Why is government regulation necessary to protect consumers from unfair business practices?
What will be an ideal response?
Generally, a joint venture is a partnership created for one limited purpose
a. True b. False Indicate whether the statement is true or false
An indenture is not a debt agreement
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true regarding return of premium term insurance?
A) The insurance is free because premiums are refunded at the end of the coverage period. B) Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision. C) The return of premium is only offered on one-year term insurance policies. D) The coverage is expensive and is not free when time value of money is considered.