Question 1

Legally declared (by a court) insane persons can be liable for necessaries in quasi-contract.

Accepted Answer

A) True 
 B)False

Question 2

Three months before his 18th birthday, Martin bought a used motorcycle for $3,000 cash. Two years later Martin wanted to disaffirm the contract. May he legally do so?

Accepted Answer

No. Minors may disaffirm a con...

Question 3

In most states (majority rule) a minor may disaffirm a contract even though the consideration received cannot be returned.

Accepted Answer

A) True 
 B)False

Question 4

Todd, an emancipated minor, rented an apartment from Baker at $300 a month. At the end of a year, Todd moved out without paying the last two months' rent. Todd claimed that since he was a minor, he was not liable for the $600. Was he correct?

Accepted Answer

No. Minors are liable for the ...

Question 5

A minor may disaffirm a contract

Accepted Answer

A)   at any time up until a reasonable time after reaching majority.
B)   only after reaching majority.
C)   but must do so before reaching majority.
D)   if it is for necessaries.

Question 6

In virtually all states a person reaches the age of majority at eighteen for the purpose of making a contract.

Accepted Answer

A) True 
 B)False

Question 7

Ratification of a contract by a minor cannot be implied.

Accepted Answer

A) True 
 B)False

Question 8

A(n) ____________________ is an adult appointed by the courts to have custody and care of an incompetent party.

Accepted Answer

The answer of A(n) ____________________ is an adult appointed by...

Question 9

After a minor reaches the legal age of majority, he or she may disaffirm an executed contract for a luxury made while a minor only if he or she

Accepted Answer

A)   accurately represented his or her age when the item was purchased.
B)   acts within a reasonable length of time.
C)   disaffirms in writing.
D)   returns the luxury item in new or unused condition.

Question 10

A contract between an adult and a minor is

Accepted Answer

A)   voidable only by the minor.
B)   voidable only by the adult.
C)   unenforceable.
D)   void.

Question 11

Of the following, the item most likely to be considered a necessary, thus obligating a minor to become liable for payment, is

Accepted Answer

A)   paying an employment agency for securing a job.
B)   rent on an apartment.
C)   attorneys' fees.
D)   all of these.

Question 12

Craven, a minor, sold her exercise bicycle to Franklin, an adult, who resold it to Lavin, a good faith purchaser. Lavin's title to the bicycle is

Accepted Answer

A)   voidable.
B)   valid.
C)   void.
D)   unenforceable.

Question 13

The minor's obligation to pay for necessaries is based on the theory of quasi contract. This theory protects

Accepted Answer

A)   minors in their dealings with adults.
B)   adults in their dealings with minors.
C)   minors in their dealings with other minors.
D)   minors in their dealings with a parent or guardian.

Question 14

The contracts of mentally ill persons not judged insane by the courts are

Accepted Answer

A)   void.
B)   able to be disaffirmed if made during a period of normalcy.
C)   binding on the persons' guardians.
D)   none of these.

Question 15

The right of a minor or other incompetent party to avoid a contract is called ____________________.

Accepted Answer

The answer of The right of a minor or other...

Question 16

Minors are liable in a quasi contract for the reasonable value of any necessaries furnished to them.

Accepted Answer

A) True 
 B)False

Question 17

An intoxicated person may avoid a contract on becoming sober

Accepted Answer

A)   only if the other party had reason to know that the person was drunk and did not understand the consequences of the transaction.
B)   under any circumstances.
C)   only if he or she was slightly intoxicated.
D)   only if the contract is one for necessaries.

Question 18

Grasso sold her computer to Robb for $1,500, payable in thirty days. Robb had misrepresented his age as twenty-one when in fact he was only seventeen. At the end of the thirty days, Robb returned the computer and disaffirmed the purchase. Grasso refused to accept the computer and sued Robb for the purchase price. Will Grasso succeed?

Accepted Answer

No. Minors may disaf...

Question 19

Necessaries include

Accepted Answer

A)   the basics-food, clothing and shelter.
B)   the services of an attorney.
C)   things included in the minor's station in life.
D)   all of these.

Question 20

A minor's willingness to be bound by a contract he or she has made is called ____________________.

Accepted Answer

The answer of A minor's willingness to be bound by...

Exam 9: Capacity

After a minor reaches the legal age of majority, he or she may disaffirm an executed contract for a luxury made while a minor only if he or she

Correct Answer
verified

The contracts of mentally ill persons not judged insane by the courts are

Correct Answer
verified

Necessaries include

Correct Answer
verified

Todd, an emancipated minor, rented an apartment from Baker at $300 a month. At the end of a year, Todd moved out without paying the last two months' rent. Todd claimed that since he was a minor, he was not liable for the $600. Was he correct?

Correct Answer
verified
No. Minors are liable for the ...
View Answer

The minor's obligation to pay for necessaries is based on the theory of quasi contract. This theory protects

Correct Answer
verified

Minors are liable in a quasi contract for the reasonable value of any necessaries furnished to them.

Correct Answer
verified

Three months before his 18^th birthday, Martin bought a used motorcycle for $3,000 cash. Two years later Martin wanted to disaffirm the contract. May he legally do so?

Correct Answer
verified
No. Minors may disaffirm a con...
View Answer

A contract between an adult and a minor is

Correct Answer
verified

The right of a minor or other incompetent party to avoid a contract is called ____________________.

Correct Answer
verified

A(n) ____________________ is an adult appointed by the courts to have custody and care of an incompetent party.

Correct Answer
verified

Correct Answer
verified
No. Minors may disaf...
View Answer

In virtually all states a person reaches the age of majority at eighteen for the purpose of making a contract.

Correct Answer
verified

A minor's willingness to be bound by a contract he or she has made is called ____________________.

Correct Answer
verified

Legally declared (by a court) insane persons can be liable for necessaries in quasi-contract.

Correct Answer
verified

In most states (majority rule) a minor may disaffirm a contract even though the consideration received cannot be returned.

Correct Answer
verified

Of the following, the item most likely to be considered a necessary, thus obligating a minor to become liable for payment, is

Correct Answer
verified

Ratification of a contract by a minor cannot be implied.

Correct Answer
verified

Craven, a minor, sold her exercise bicycle to Franklin, an adult, who resold it to Lavin, a good faith purchaser. Lavin's title to the bicycle is

Correct Answer
verified

A minor may disaffirm a contract

Correct Answer
verified

An intoxicated person may avoid a contract on becoming sober

Correct Answer
verified

Exam 9: Capacity

After a minor reaches the legal age of majority, he or she may disaffirm an executed contract for a luxury made while a minor only if he or she

Correct AnswerverifiedShow Answer

The contracts of mentally ill persons not judged insane by the courts are

Correct AnswerverifiedShow Answer

Necessaries include

Correct AnswerverifiedShow Answer

Todd, an emancipated minor, rented an apartment from Baker at $300 a month. At the end of a year, Todd moved out without paying the last two months' rent. Todd claimed that since he was a minor, he was not liable for the $600. Was he correct?

Correct AnswerverifiedNo. Minors are liable for the ...View AnswerShow Answer

The minor's obligation to pay for necessaries is based on the theory of quasi contract. This theory protects

Correct AnswerverifiedShow Answer

Minors are liable in a quasi contract for the reasonable value of any necessaries furnished to them.

Correct AnswerverifiedShow Answer

Three months before his 18th birthday, Martin bought a used motorcycle for $3,000 cash. Two years later Martin wanted to disaffirm the contract. May he legally do so?

Correct AnswerverifiedNo. Minors may disaffirm a con...View AnswerShow Answer

A contract between an adult and a minor is

Correct AnswerverifiedShow Answer

The right of a minor or other incompetent party to avoid a contract is called ____________________.

Correct AnswerverifiedShow Answer

A(n) ____________________ is an adult appointed by the courts to have custody and care of an incompetent party.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedNo. Minors may disaf...View AnswerShow Answer

In virtually all states a person reaches the age of majority at eighteen for the purpose of making a contract.

Correct AnswerverifiedShow Answer

A minor's willingness to be bound by a contract he or she has made is called ____________________.

Correct AnswerverifiedShow Answer

Legally declared (by a court) insane persons can be liable for necessaries in quasi-contract.

Correct AnswerverifiedShow Answer

In most states (majority rule) a minor may disaffirm a contract even though the consideration received cannot be returned.

Correct AnswerverifiedShow Answer

Of the following, the item most likely to be considered a necessary, thus obligating a minor to become liable for payment, is

Correct AnswerverifiedShow Answer

Ratification of a contract by a minor cannot be implied.

Correct AnswerverifiedShow Answer

Craven, a minor, sold her exercise bicycle to Franklin, an adult, who resold it to Lavin, a good faith purchaser. Lavin's title to the bicycle is

Correct AnswerverifiedShow Answer

A minor may disaffirm a contract

Correct AnswerverifiedShow Answer

An intoxicated person may avoid a contract on becoming sober

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
No. Minors are liable for the ...
View Answer

Correct Answer
verified

Correct Answer
verified

Three months before his 18^th birthday, Martin bought a used motorcycle for $3,000 cash. Two years later Martin wanted to disaffirm the contract. May he legally do so?

Correct Answer
verified
No. Minors may disaffirm a con...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
No. Minors may disaf...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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