Question 1

Jane is eighteen years old. Legally, Jane is considered

Accepted Answer

A)   an adult.
B)   a minor.
C)   an infant.
D)   emancipated.E) C) and D)
F) A) and C)

Question 2

Courts generally do not presume the existence of contractual capacity.

Accepted Answer

A) True 
 B)False

Question 3

Intoxicated, Efron enters a contract for the sale of his business, Freight Dispatch, to Gretel for less than its market value. This contract is enforceable if, at the time,

Accepted Answer

A)   Efron's intoxication was purely voluntary.
B)   Gretel fraudulently induced Efron to become intoxicated.
C)   Gretel was also intoxicated.
D)   Efron understood the legal consequences.E) A) and B)
F) A) and C)

Question 4

In many states, if a minor does business in the manner of an adult, his or her related contracts are fully enforceable.

Accepted Answer

A) True 
 B)False

Question 5

Val, a minor, enters into a contract to buy a kayak and paddle from a Watercraft dealership. Later, after taking possession, Val disaffirms the deal. She

Accepted Answer

A)   can keep both the kayak and paddle.
B)   can keep the kayak but not the paddle.
C)   can keep the paddle but not the kayak.
D)   must return both the kayak and paddle.E) B) and C)
F) None of the above

Question 6

In many states, certain business contracts entered into by minors cannot be disaffirmed.

Accepted Answer

A) True 
 B)False

Question 7

Accepting and giving legal force to an obligation that previously was not enforceable is

Accepted Answer

A)   disaffirmance.
B)   emancipation.
C)   ratification.
D)   illegal.E) C) and D)
F) A) and B)

Question 8

Ralph, a minor, enters into a contract with Seth for the installation, maintenance, and repair of an HVAC system in Ralph's Uncle Ted's warehouse. On reaching the age of majority, Ralph sends e-mail to Seth, stating that Ralph intends the contract to be binding. This is

Accepted Answer

A)   express ratification.
B)   implied ratification.
C)   disaffirmance.
D)   none of the choices.E) All of the above
F) B) and C)

Question 9

Lee, a minor, enters into a contract to buy a dirt bike from Motor Bikes & Cycles. Lee can ordinarily disaffirm the contract

Accepted Answer

A)   in a timely manner.
B)   at any time during minority.
C)   for a reasonable time after coming of age.
D)   all of the choices.E) A) and C)
F) A) and B)

Question 10

A minor can ratify a contract and thus make it enforceable.

Accepted Answer

A) True 
 B)False

Question 11

Games Corporation hires Haley, a minor, to create new customized game software for certain clients. Haley signs a contract that requires her to work for Games for eighteen months. Before beginning work, however, Haley tells Games that she will not create new software for Games and that she is going to work for Imagine Inc., a Games competitor. Is Games' contract with Haley enforceable? Why or why not?

Accepted Answer

The contract is not enforceable. Haley i...

Question 12

Opal is a minor. In at least some states, Opal can enter into a legally binding contract when she

Accepted Answer

A)   reaches the age of majority.
B)   gets married.
C)   is emancipated from her parents.
D)   all of the choices.E) None of the above
F) All of the above

Exam 11: Capacity

Lee, a minor, enters into a contract to buy a dirt bike from Motor Bikes & Cycles. Lee can ordinarily disaffirm the contract

Correct Answer
verified

Accepting and giving legal force to an obligation that previously was not enforceable is

Correct Answer
verified

Val, a minor, enters into a contract to buy a kayak and paddle from a Watercraft dealership. Later, after taking possession, Val disaffirms the deal. She

Correct Answer
verified

Jane is eighteen years old. Legally, Jane is considered

Correct Answer
verified

Opal is a minor. In at least some states, Opal can enter into a legally binding contract when she

Correct Answer
verified

Correct Answer
verified
The contract is not enforceable. Haley i...
View Answer

Ralph, a minor, enters into a contract with Seth for the installation, maintenance, and repair of an HVAC system in Ralph's Uncle Ted's warehouse. On reaching the age of majority, Ralph sends e-mail to Seth, stating that Ralph intends the contract to be binding. This is

Correct Answer
verified

In many states, certain business contracts entered into by minors cannot be disaffirmed.

Correct Answer
verified

A minor can ratify a contract and thus make it enforceable.

Correct Answer
verified

In many states, if a minor does business in the manner of an adult, his or her related contracts are fully enforceable.

Correct Answer
verified

Courts generally do not presume the existence of contractual capacity.

Correct Answer
verified

Intoxicated, Efron enters a contract for the sale of his business, Freight Dispatch, to Gretel for less than its market value. This contract is enforceable if, at the time,

Correct Answer
verified

Exam 11: Capacity

Lee, a minor, enters into a contract to buy a dirt bike from Motor Bikes & Cycles. Lee can ordinarily disaffirm the contract

Correct AnswerverifiedShow Answer

Accepting and giving legal force to an obligation that previously was not enforceable is

Correct AnswerverifiedShow Answer

Val, a minor, enters into a contract to buy a kayak and paddle from a Watercraft dealership. Later, after taking possession, Val disaffirms the deal. She

Correct AnswerverifiedShow Answer

Jane is eighteen years old. Legally, Jane is considered

Correct AnswerverifiedShow Answer

Opal is a minor. In at least some states, Opal can enter into a legally binding contract when she

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThe contract is not enforceable. Haley i...View AnswerShow Answer

Ralph, a minor, enters into a contract with Seth for the installation, maintenance, and repair of an HVAC system in Ralph's Uncle Ted's warehouse. On reaching the age of majority, Ralph sends e-mail to Seth, stating that Ralph intends the contract to be binding. This is

Correct AnswerverifiedShow Answer

In many states, certain business contracts entered into by minors cannot be disaffirmed.

Correct AnswerverifiedShow Answer

A minor can ratify a contract and thus make it enforceable.

Correct AnswerverifiedShow Answer

In many states, if a minor does business in the manner of an adult, his or her related contracts are fully enforceable.

Correct AnswerverifiedShow Answer

Courts generally do not presume the existence of contractual capacity.

Correct AnswerverifiedShow Answer

Intoxicated, Efron enters a contract for the sale of his business, Freight Dispatch, to Gretel for less than its market value. This contract is enforceable if, at the time,

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The contract is not enforceable. Haley i...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified