Exam 11: Capacity
Exam 1: Introduction to the Law72 Questions
Exam 2: Ethics in Business72 Questions
Exam 3: The Courts and Our Legal System72 Questions
Exam 4: Constitutional Law72 Questions
Exam 5: Business Torts72 Questions
Exam 6: Intellectual Property72 Questions
Exam 7: Business Crimes72 Questions
Exam 8: Introduction to Contracts72 Questions
Exam 9: Offer and Acceptance72 Questions
Exam 10: Consideration72 Questions
Exam 11: Capacity72 Questions
Exam 12: The Legality of Agreements72 Questions
Exam 13: Voluntary Consent72 Questions
Exam 14: Written Contracts72 Questions
Exam 15: Third Party Rights72 Questions
Exam 16: Termination and Remedies72 Questions
Exam 17: Introduction to Sales and Lease Contracts72 Questions
Exam 18: Title and Risk of Loss72 Questions
Exam 19: Performance and Breach72 Questions
Exam 20: Warranties and Product Liability72 Questions
Exam 21: Consumer Protection72 Questions
Exam 22: The Essentials of Negotiability72 Questions
Exam 23: Negotiable Instruments: Transfer and Liability72 Questions
Exam 24: Banking in the Digital Age72 Questions
Exam 25: Agency Relationships72 Questions
Exam 26: Employment, Immigration, and Labor Law72 Questions
Exam 27: Employment Discrimination72 Questions
Exam 28: Types of Business Organizations72 Questions
Exam 29: Formation and Ownership of a Corporation72 Questions
Exam 30: Management of a Corporation72 Questions
Exam 31: Combining and Dissolving a Corporation72 Questions
Exam 32: Credit and Security72 Questions
Exam 33: Mortgages72 Questions
Exam 34: Bankruptcy72 Questions
Exam 35: Insurance72 Questions
Exam 36: Personal Property72 Questions
Exam 37: Bailments72 Questions
Exam 38: Real Property72 Questions
Exam 39: Landlord and Tenant Law72 Questions
Exam 40: Wills and Trusts72 Questions
Exam 41: Administrative Law72 Questions
Exam 42: Antitrust Law72 Questions
Exam 43: International and Space Law72 Questions
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A minor can disaffirm a contract but not set aside all legal obligations under it.
(True/False)
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In many states, if a minor engages in employment in the manner of an adult, his or her related contracts are fully enforceable.
(True/False)
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Jean, a minor, enters into a contract with Kino to plant and harvest thirty acres of Jean's mother's farm for a certain price. On reaching the age of majority, Jean does not state that she intends to be bound by the contract, but indicates an intent to abide by it. This is
(Multiple Choice)
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In determining whether a party was sufficiently intoxicated to avoid legal duties under a contract, courts prefer looking solely at an intoxicated party's mental state.
(True/False)
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Through attorneys, Ethel, a minor, does business in the manner of an adult to negotiate and buy Front Street Villas, an apartment building. In many states, this contract would be
(Multiple Choice)
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Ben, a minor, signs a contract to buy a CallU phone from Dallas, an adult sales representative. Dallas
(Multiple Choice)
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Whatever is reasonably needed to maintain a minor's standard of living, such as food, clothing, shelter, and medical services, is known as
(Multiple Choice)
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Intoxicated, Hank enters a contract for the sale of ten acres of timberland to Ira for less than its market value. Later, Hank seeks to cancel the deal. In determining whether Hank can avoid his duties under the contract, a court is most likely to look at
(Multiple Choice)
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If a court removes a minor's lack of contractual capacity, the minor no longer has the right to enter into contracts.
(True/False)
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In most states, the age of majority for contractual purposes is twenty-one years.
(True/False)
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A minor who has reached the age of majority can ratify a contract expressly but not impliedly.
(True/False)
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A minor can enter into any contract an adult can, without exception.
(True/False)
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Kristin, a minor, enters into a contract to buy a mower from Lawn Gear, a local store. The deal is set aside. Returning Kristin and Lawn Gear to their positions prior to the contract is known as
(Multiple Choice)
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A minor can ordinarily disaffirm a contract for a reasonable time after coming of age.
(True/False)
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Darien, a minor, wants to disaffirm a contract that he entered into with Echo, a cell service company. The law in Darien's state, as in all states, permits minors to disaffirm
(Multiple Choice)
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Flake, a minor, enters into a contract to buy an electric guitar. Flake does not take possession or make payments. With respect to the contract, most courts would hold that this is
(Multiple Choice)
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Sam is mentally incompetent but has not been adjudged by a court to be incompetent. Sam enters into a contract with Tony for the cleaning and maintenance of the Uptown Offices building. Most likely, the contract is
(Multiple Choice)
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Elaine, a minor, obtains fruits and vegetables on credit from Flo at Growers' Market. Later, Elaine disaffirms the purchase. With respect to the goods, Elaine owes Flo
(Multiple Choice)
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Among the requirements for a valid contract, courts generally presume the existence of
(Multiple Choice)
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