In a contract involving a minor, whether an item can be considered a necessary:
a. does not depend on the facts of the particular case.
b. depends on the minor's station in life.
c. does not depend on the minor's age.
d. depends on whether the adult who contracted with the minor chooses to disaffirm the contract.
b. depends on the minor's station in life.
You might also like to view...
Stan is a real estate broker in Colorado. He has identified a property for a fast food outlet and has asked four friends to contribute money to the purchase and gain partial ownership. Stan will manage the property and negotiate the lease for the fast food franchise. In this agreement he must comply with state and federal securities laws in arranging this investment group.
a. true b. false
If the Advertising Self-Regulatory Council rules against an advertiser, it will:
A) order the firm to discontinue the ad in a manner similar to the consent order of the Federal Trade Commission B) ask the firm to modify the ad or discontinue using it C) refer the case to the Federal Trade Commission (FTC) D) refer the case to the National Advertising Division (NAD)