Asked by
Sharo Ibrahim
on Nov 23, 2024Verified
Mariah, a young woman aged 17, went shopping. She purchased a new coat on credit at a clothing store. Later the same day, she took her expensive watch to a jewellery shop to have a new watch band installed. While in the shop, she purchased on credit an additional watch for herself, and a silver bracelet as a gift for a friend. When the merchants later requested payment, Mariah refused to pay. If Mariah already has an adequate supply of coats, the coat which she purchased would be a non-necessary item.
Adequate Supply
Refers to a quantity of goods or materials that is sufficient to meet demand or requirements.
Non-necessary Item
A product or service considered not essential for basic living and daily function.
Coat
An outer garment worn outdoors, providing protection from the weather or for fashion purposes; not related to specific legal or financial terminology.
- Discriminate between compulsory and optional items in minors' contracts.
- Understand the special considerations involved in contracts with minors for necessaries.
Verified Answer
SD
Learning Objectives
- Discriminate between compulsory and optional items in minors' contracts.
- Understand the special considerations involved in contracts with minors for necessaries.