Solved

Which of the Following Is an Incorrect Statement Regarding Contracts

Question 30

Multiple Choice

Which of the following is an incorrect statement regarding contracts for necessaries entered into by minors?


A) A minor cannot disaffirm contracts for necessaries.
B) A minor can disaffirm a contract for necessaries,but the minor will still be held liable for the reasonable value of the necessary.
C) A contract for a necessary is a contract that supplies the minor with the basic necessities of life.
D) The purpose of the limitation on the minor's right to disaffirm contracts for necessaries is to ensure that minors are able to obtain the basic necessities of life when their parents will not provide them.
E) Whether something is considered a necessary is related to whether the minor's parents are willing to provide the item in question for the minor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents