Ryan, a minor, contracted to sell his auto to Ed, a 28-year-old. Ryan later refused to complete the sale. If Ed sues to enforce the contract, Ed will
A) win because Ryan was the seller
B) win because minors can only avoid contracts for the sale of land.
C) lose, as the contract is void.
D) lose, because the contract is voidable by Ryan.
D
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Which of the following company actions require registration with the S.E.C.?
a) borrowing money by using its bank credit line b) borrowing money from a bank via a term loan c) borrowing money by selling bonds in the open market d) an initial public offering e) a follow-on offering of shares in the open market f) retaining earnings to add to its equity
The two major actions required for a policyholder to comply with the Reinstatement Clause are
A) provide evidence of insurability, agree to a new incontestable period B) provide evidence of insurability, pay past due premiums C) pay past due premiums, agree to new incontestable period D) pay past due premiums, agree to a reduction in coverage