Generally, a minor is liable under contract law for purchases of necessaries (e.g., food, clothing, shelter, and medical care). However,
A)the necessary that is bought must truly be needed and must not be something that is provided by, or is readily available from, the parent or guardian.
B)the price charged must be reduced to the seller's out-of-pocket costs, plus no more than 10% of gross profit on the item.
C)the goods must be guaranteed to last at least until the minor becomes an adult.
D)none of the above

Question

Generally, a minor is liable under contract law for purchases of necessaries (e.g., food, clothing, shelter, and medical care). However,​
A)the necessary that is bought must truly be needed and must not be something that is provided by, or is readily available from, the parent or guardian.
B)the price charged must be reduced to the seller's out-of-pocket costs, plus no more than 10% of gross profit on the item.
C)the goods must be guaranteed to last at least until the minor becomes an adult.
D)none of the above

Quizplus · Accepted Answer

A minor is liable for purchases of necessaries, but these items must be truly needed and not readily available from the minor's parent or guardian. The other options are not standard legal requirements in contract law regarding minors.

Generally, a Minor Is Liable Under Contract Law for Purchases