ION 2 1, if an agreement is completely executory, the minor's failure to act after reaching the age of majority is considered disaffirmance. FION 3 ninor misrepresents their age, all jurisdictions will allow a minor to disaffirm the contract even if they cannot return the consideration TION 4 ee is the person to whom a contractual duty is owed. "ION 5 to whom rights under a contract are transferred is called the obligor.

ION 2 1, if an agreement is completely executory, the minor's failure to act after reaching the age of majority is considered disaffirmance. FION 3 ninor misrepresents their age, all jurisdictions will allow a minor to disaffirm the contract even if they cannot return the consideration TION 4 ee is the person to whom a contractual duty is owed. "ION 5 to whom rights under a contract are transferred is called the obligor.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter20: The Problem Of Adverse Selection Moral Hazard

Section: Chapter Questions

Problem 3MC

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