lenb contracts
Which of the following is an accurate statement regarding a minor's right to disaffirm a
contract? - ✔️✔️A minor has the right to disaffirm a contract until a reasonable time
after reaching the age of majority.
Married _______ were historical considered to have no or limited capacity to enter into
contracts. - ✔️✔️women
According to the majority of jurisdictions, which of the following is an accurate statement
regarding a minor's right to disaffirm a contract when the consideration he or she
received has been damaged or destroyed? - ✔️✔️The minor can disaffirm the contract,
and the other party has no recourse.
In the context of a contract, ______ is the legal ability to enter into a binding agreement.
- ✔️✔️capacity
______ is some sort of mental or physical defect that prevents a natural person from
being able to enter into a legally binding contract. - ✔️✔️incapacity
One of the oldest limitations on capacity is the ability of ______ to enter into only
voidable contracts. - ✔️✔️minors
______ typically occurs when a minor moves out of his or her parents' house and
begins supporting himself or herself. - ✔️✔️Emancipation
A person who has the legal ______ to contract is one who has the mental ability to
understand his or her rights and obligations under a contract and therefore will
presumably be able to understand how to comply with the terms of the agreement. -
✔️✔️capacity
A minor's contract is ______. - ✔️✔️voidable
Incapacity is also referred to as ______. - ✔️✔️incompetence
Today, in all but three states, a minor is someone under the age of ______. - ✔️✔️18
A disaffirmance by a minor of a contract must occur before or within a reasonable
period of time of the age of _______. - ✔️✔️majority
, As a general rule in most states, which of the following contracts is a minor allowed to
disaffirm? - ✔️✔️a school club membership contract
Which of the following is an accurate statement regarding the effect a minor's
misrepresentation of age has on his or her right to disaffirm a contract? -
✔️✔️According to the majority rule, it does not affect the minor's right to disaffirm the
contract.
As a general rule in most states, which of the following contracts is a minor allowed to
disaffirm? - ✔️✔️a contract for joining a school team
In the context of a contract for a necessary, which of the following is not a necessary? -
✔️✔️high-speed Internet
Which of the following is an accurate statement regarding ratification of a contract? -
✔️✔️Once ratified, a contract is no longer voidable.
An express ratification may be ______. - ✔️✔️made either orally or in writing
A contract for a ______ is a contract that supplies the minor with the basic necessities
of life. - ✔️✔️necessary
An implied acceptance of a contract occurs when a former minor takes some action
after reaching the age of majority that is consistent with an intent to ______ a contract. -
✔️✔️ratify
If a person who has reached the age of majority legally affirms a contract made as a
minor, he or she is said to have ______ the contract. - ✔️✔️ratified
A(n) ______ ratification occurs when, after reaching the age of majority, a person states
that he or she intends to be bound by a contract. - ✔️✔️express
Which of the following is an accurate statement regarding the parental liability for the
contracts entered into by their minor children? - ✔️✔️As a general rule, parents are not
liable for the contracts entered into by their minor children.
A(n) ______ ratification occurs when a former minor takes some action after reaching
the age of majority that is consistent with an intent to ratify the contract. - ✔️✔️implied
Which of the following is an accurate statement regarding parental liability for the
necessaries of their children? - ✔️✔️Parents have a legal duty to provide their children
with the basic necessities of life.
Which of the following is an accurate statement regarding a minor's right to disaffirm a
contract? - ✔️✔️A minor has the right to disaffirm a contract until a reasonable time
after reaching the age of majority.
Married _______ were historical considered to have no or limited capacity to enter into
contracts. - ✔️✔️women
According to the majority of jurisdictions, which of the following is an accurate statement
regarding a minor's right to disaffirm a contract when the consideration he or she
received has been damaged or destroyed? - ✔️✔️The minor can disaffirm the contract,
and the other party has no recourse.
In the context of a contract, ______ is the legal ability to enter into a binding agreement.
- ✔️✔️capacity
______ is some sort of mental or physical defect that prevents a natural person from
being able to enter into a legally binding contract. - ✔️✔️incapacity
One of the oldest limitations on capacity is the ability of ______ to enter into only
voidable contracts. - ✔️✔️minors
______ typically occurs when a minor moves out of his or her parents' house and
begins supporting himself or herself. - ✔️✔️Emancipation
A person who has the legal ______ to contract is one who has the mental ability to
understand his or her rights and obligations under a contract and therefore will
presumably be able to understand how to comply with the terms of the agreement. -
✔️✔️capacity
A minor's contract is ______. - ✔️✔️voidable
Incapacity is also referred to as ______. - ✔️✔️incompetence
Today, in all but three states, a minor is someone under the age of ______. - ✔️✔️18
A disaffirmance by a minor of a contract must occur before or within a reasonable
period of time of the age of _______. - ✔️✔️majority
, As a general rule in most states, which of the following contracts is a minor allowed to
disaffirm? - ✔️✔️a school club membership contract
Which of the following is an accurate statement regarding the effect a minor's
misrepresentation of age has on his or her right to disaffirm a contract? -
✔️✔️According to the majority rule, it does not affect the minor's right to disaffirm the
contract.
As a general rule in most states, which of the following contracts is a minor allowed to
disaffirm? - ✔️✔️a contract for joining a school team
In the context of a contract for a necessary, which of the following is not a necessary? -
✔️✔️high-speed Internet
Which of the following is an accurate statement regarding ratification of a contract? -
✔️✔️Once ratified, a contract is no longer voidable.
An express ratification may be ______. - ✔️✔️made either orally or in writing
A contract for a ______ is a contract that supplies the minor with the basic necessities
of life. - ✔️✔️necessary
An implied acceptance of a contract occurs when a former minor takes some action
after reaching the age of majority that is consistent with an intent to ______ a contract. -
✔️✔️ratify
If a person who has reached the age of majority legally affirms a contract made as a
minor, he or she is said to have ______ the contract. - ✔️✔️ratified
A(n) ______ ratification occurs when, after reaching the age of majority, a person states
that he or she intends to be bound by a contract. - ✔️✔️express
Which of the following is an accurate statement regarding the parental liability for the
contracts entered into by their minor children? - ✔️✔️As a general rule, parents are not
liable for the contracts entered into by their minor children.
A(n) ______ ratification occurs when a former minor takes some action after reaching
the age of majority that is consistent with an intent to ratify the contract. - ✔️✔️implied
Which of the following is an accurate statement regarding parental liability for the
necessaries of their children? - ✔️✔️Parents have a legal duty to provide their children
with the basic necessities of life.
