Generally speaking, the contract of a minor:
A) Must be in writing. B) Is voidable at the minor's option.
C) Is void. D) Is not enforceable by the minor.
B
You might also like to view...
Manufacturing cycle efficiency is computed by dividing process time by:
A. storage time + inspection time. B. process time + moving time + storage time + inspection time. C. moving time + storage time. D. moving time + storage time + inspection time.
Solvency and liquidity differ in a company's ability
a. to show a profit. b. to remain in business over a long or short period of time. c. to collect cash from customers during the short- or long-term. d. to increase gross profit percentages over long or short periods of time.
Which of the following is not a post-employment benefit, according to FASB ASC Topic 712, "Employers' Accounting for Postemployment Benefits"?
a. Salary continuation after severance b. Health insurance paid for a three-month period following a layoff c. Life insurance coverage paid for retirees d. Job training for laid-off workers
A negotiable instrument must be in writing in order to be considered valid
Indicate whether the statement is true or false