Question Question 1 Ed is fifteen. In most states, Ed would be considered a minor because he is under the age of sixteen. seventeen. eighteen. twenty-one. Question 2 Jack, a minor, takes out a... n automobile insurance policy and pays a $1,000 premium. If Jack disaffirms the contract, he can most likely recover $500. $1,000. $1,500. nothing. Question 3 Adam, a seventeen-year-old, signs a contract to sell his car to Best Used Cars. Adam receives a better offer the next day from Cars & Trucks, Inc., and accepts the new offer. Adam is liable to Best and must sell it a car of comparable value. liable to Best and must sell it his car. not liable to Best because he is a minor. [Show More]
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