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Juanita, who is 15 years old, buys a life insurance policy so that if she dies, her parents will receive $100,000. The contract requires her
Juanita, who is 15 years old, buys a life insurance policy so that if she dies, her parents will receive $100,000. The contract requires her to pay $20 per month. She pays this every month until she is 17. Now she decides to get out of the contract and wants all her money back. Can she do this? Give your reasons. Is this valid or invalid?
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Juanita is a minor which means she is not legally capable of entering into a contract without the co...
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
