BUL2241 CH13,15 And 18 Questions
and All Correct Answers.
When it is said that a contract made by a minor is voidable, which of the following is true? -
Answer While still a minor, he or she can disaffirm the contract and return the property.
A minor can choose to disaffirm a contract or can go along with it.
Which of the following statements is true if a person making a contract is adjudicated
incompetent by a court order? - Answer If he or she becomes competent again, he or she can
ratify the contract.
Upon becoming competent, an incompetent person can either ratify or disaffirm a contract.
What is the effect of slight intoxication on the capacity of a person to enter into a contract? -
Answer Slight intoxication will not destroy one's contractual capacity.
Slight intoxication will not destroy one's contractual capacity.
By any expression of an intention to repudiate a contract, a minor may avoid or: - Answer
disaffirm the contract.
Any act inconsistent with the continuing validity of the contract is also an avoidance
Which of the following is most likely to be classified as a necessary for which a minor will be
held liable in a contract? - Answer Food
Food is one of the most basic forms of necessary
Every adult is presumed to have contractual capacity unless: - Answer it is proven that
capacity is lacking or there is status incapacity.
There is a presumption that people have contractual capacity until proven otherwise.
Courts allow a minor a certain amount of time to disaffirm a contract when the minor turns 18
years of age. That time period is: - Answer a reasonable period of time after reaching the age
of majority.
, A minor may disaffirm a contract within a reasonable amount of time after the age of majority.
Cosigners for a minor's contract have duties under the contract. Which of the following is true
of a cosigner for a minor's contract? - Answer The cosigner is liable for the purchase price of
the goods if the minor disaffirms the contract and does not return the goods.
The cosigner is liable for the purchase price of the goods if the minor disaffirms the contract and
does not return the goods.
What is the rule about a unilateral mistake in a contract? - Answer The party making the
mistake may avoid the contract if the other contracting party knew or should have known of the
mistake.
The party making the mistake may avoid the contract if the other contracting party knew or
should have known of the mistake. However, there is some leniency for serious unilateral
mistakes
Which of the following is true of a contract when there is a mutual mistake of a material fact by
both parties of the contract? - Answer The contract is voidable by the adversely affected party.
If the mistake had a material effect on the agreed exchange, the contract is voidable by the
adversely affected party
Sometimes both parties to a contract make a mistake of judgment. In such cases, the contract
is: - Answer not voidable by the adversely affected party.
Bad judgment is no reason for a voidable contract.
Proof of fraud requires each of the following EXCEPT: - Answer that a defendant was harmed
as a consequence of a misrepresentation of fact.
Fraud is the making of a material misrepresentation of fact with the consequence that a listener
is harmed.
The main issue in the Schmidt v. Prince George's Hospital case was the payment for the medical
services. In order to answer that question, the court had to decide the issue of whether: -
Answer the services rendered were a necessary under the law.
and All Correct Answers.
When it is said that a contract made by a minor is voidable, which of the following is true? -
Answer While still a minor, he or she can disaffirm the contract and return the property.
A minor can choose to disaffirm a contract or can go along with it.
Which of the following statements is true if a person making a contract is adjudicated
incompetent by a court order? - Answer If he or she becomes competent again, he or she can
ratify the contract.
Upon becoming competent, an incompetent person can either ratify or disaffirm a contract.
What is the effect of slight intoxication on the capacity of a person to enter into a contract? -
Answer Slight intoxication will not destroy one's contractual capacity.
Slight intoxication will not destroy one's contractual capacity.
By any expression of an intention to repudiate a contract, a minor may avoid or: - Answer
disaffirm the contract.
Any act inconsistent with the continuing validity of the contract is also an avoidance
Which of the following is most likely to be classified as a necessary for which a minor will be
held liable in a contract? - Answer Food
Food is one of the most basic forms of necessary
Every adult is presumed to have contractual capacity unless: - Answer it is proven that
capacity is lacking or there is status incapacity.
There is a presumption that people have contractual capacity until proven otherwise.
Courts allow a minor a certain amount of time to disaffirm a contract when the minor turns 18
years of age. That time period is: - Answer a reasonable period of time after reaching the age
of majority.
, A minor may disaffirm a contract within a reasonable amount of time after the age of majority.
Cosigners for a minor's contract have duties under the contract. Which of the following is true
of a cosigner for a minor's contract? - Answer The cosigner is liable for the purchase price of
the goods if the minor disaffirms the contract and does not return the goods.
The cosigner is liable for the purchase price of the goods if the minor disaffirms the contract and
does not return the goods.
What is the rule about a unilateral mistake in a contract? - Answer The party making the
mistake may avoid the contract if the other contracting party knew or should have known of the
mistake.
The party making the mistake may avoid the contract if the other contracting party knew or
should have known of the mistake. However, there is some leniency for serious unilateral
mistakes
Which of the following is true of a contract when there is a mutual mistake of a material fact by
both parties of the contract? - Answer The contract is voidable by the adversely affected party.
If the mistake had a material effect on the agreed exchange, the contract is voidable by the
adversely affected party
Sometimes both parties to a contract make a mistake of judgment. In such cases, the contract
is: - Answer not voidable by the adversely affected party.
Bad judgment is no reason for a voidable contract.
Proof of fraud requires each of the following EXCEPT: - Answer that a defendant was harmed
as a consequence of a misrepresentation of fact.
Fraud is the making of a material misrepresentation of fact with the consequence that a listener
is harmed.
The main issue in the Schmidt v. Prince George's Hospital case was the payment for the medical
services. In order to answer that question, the court had to decide the issue of whether: -
Answer the services rendered were a necessary under the law.
