Multiple Choice
Ted, a seventeen-year-old high school student, was hired to perform in four episodes of Gossip Gidget. To keep up with his schoolwork and gaming, he contracted with Mr. Tech of Technoland for a $2000 laptop computer. He agreed to pay $500 down and the balance by monthly payments of $250. Read each of the following separately and indicate which is true.
A) If Ted doesn't make his payments, Tech can sue Ted's parents because parents are liable for the debts of their minor children.
B) This contract is void; therefore, Tech can repossess the laptop which is technically still his whether Ted makes the payments or not.
C) If this contract is in writing and Ted doesn't make his payments, Tech can sue Ted for breach of contract.
D) This contract is a legal contract enforceable by Ted.
E) This contract is a legal contract enforceable against Ted.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: In which of the following situations would
Q40: Discuss how some persons are incapacitated in
Q41: Indicate what types of contracts are binding
Q42: A necessary element of a contract is
Q43: A provision in a contract for the
Q45: When will the court waive the requirement
Q46: Just what has to be in writing
Q47: What is an indemnity?
Q48: Sam agreed to sell his house to
Q49: Describe an "executory contract" and provide an