Multiple Choice
Three days before she was judicially declared mentally incompetent and institutionalized,Irma bought a $50,000 automobile by cash and took delivery of it.Which of the following is true about this contract?
A) It is voidable at the discretion of the seller.
B) The contract is voidable due to Irma's institutionalization.
C) The contract cannot be disaffirmed because it was fully executed.
D) Irma ratified the contract by paying the price of the car.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: A minor can disaffirm agreements to support
Q12: Mike,a minor,buys some real estate as an
Q13: After consuming a mind-altering drug,Hal buys some
Q14: When a person lacks capacity to contract
Q15: The test to determine whether a person
Q17: A person younger than the legal age
Q18: Which of the following is true of
Q19: When a minor contracts for necessaries,he or
Q20: What is the term for a person
Q21: Which of the following is true of