If a minor ratifies a contract while still being a minor, ________
A) the contract can still be disaffirmed by the minor
B) the minor is bound by the terms of the contract
C) the minor is exempt from the duty of restitution
D) the minor has to hold the adult in status quo in case of disaffirmance
A
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Diane would like to purchase a life insurance policy in which the face amount remains level and the cash value grows each year until she dies (or reaches age 100). Which type of policy should she purchase?
A) Whole life policy B) Limited-pay life policy C) Term policy D) Endowment policy"
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Indicate whether the statement is true or false
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