©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Lenb Contracts Exam Questions And
Answers
In the context of a contract, ______ is the legal ability to enter into a binding agreement. -
Answers✔capacity
______ is some sort of mental or physical defect that prevents a natural person from being able
to enter into a legally binding contract. - Answers✔incapacity
Married _______ were historical considered to have no or limited capacity to enter into
contracts. - Answers✔women
One of the oldest limitations on capacity is the ability of ______ to enter into only voidable
contracts. - Answers✔minors
______ typically occurs when a minor moves out of his or her parents' house and begins
supporting himself or herself. - Answers✔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. - Answers✔capacity
A minor's contract is ______. - Answers✔voidable
Incapacity is also referred to as ______. - Answers✔incompetence
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? - Answers✔The minor can disaffirm the contract, and the other
party has no recourse.
Today, in all but three states, a minor is someone under the age of ______. - Answers✔18
A disaffirmance by a minor of a contract must occur before or within a reasonable period of
time of the age of _______. - Answers✔majority
As a general rule in most states, which of the following contracts is a minor allowed to
disaffirm? - Answers✔a school club membership contract
1|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Which of the following is an accurate statement regarding a minor's right to disaffirm a
contract? - Answers✔A minor has the right to disaffirm a contract until a reasonable time after
reaching the age of majority.
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? - Answers✔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? - Answers✔a contract for joining a school team
Which of the following is an accurate statement regarding a minor's right to disaffirm a contract
for necessaries? - Answers✔Technically, a minor can disaffirm a contract for necessaries, but
the minor is liable for the reasonable value of the necessaries.
In the context of a contract for a necessary, which of the following is not a necessary? -
Answers✔high-speed Internet
Which of the following is an accurate statement regarding ratification of a contract? -
Answers✔Once ratified, a contract is no longer voidable.
An express ratification may be ______. - Answers✔made either orally or in writing
A contract for a ______ is a contract that supplies the minor with the basic necessities of life. -
Answers✔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. -
Answers✔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. - Answers✔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. - Answers✔express
Which of the following is an accurate statement regarding the parental liability for the contracts
entered into by their minor children? - Answers✔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. - Answers✔implied
Which of the following is an accurate statement regarding parental liability for the necessaries
of their children? - Answers✔Parents have a legal duty to provide their children with the basic
necessities of life.
2|Page
ALL RIGHTS RESERVED.
Lenb Contracts Exam Questions And
Answers
In the context of a contract, ______ is the legal ability to enter into a binding agreement. -
Answers✔capacity
______ is some sort of mental or physical defect that prevents a natural person from being able
to enter into a legally binding contract. - Answers✔incapacity
Married _______ were historical considered to have no or limited capacity to enter into
contracts. - Answers✔women
One of the oldest limitations on capacity is the ability of ______ to enter into only voidable
contracts. - Answers✔minors
______ typically occurs when a minor moves out of his or her parents' house and begins
supporting himself or herself. - Answers✔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. - Answers✔capacity
A minor's contract is ______. - Answers✔voidable
Incapacity is also referred to as ______. - Answers✔incompetence
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? - Answers✔The minor can disaffirm the contract, and the other
party has no recourse.
Today, in all but three states, a minor is someone under the age of ______. - Answers✔18
A disaffirmance by a minor of a contract must occur before or within a reasonable period of
time of the age of _______. - Answers✔majority
As a general rule in most states, which of the following contracts is a minor allowed to
disaffirm? - Answers✔a school club membership contract
1|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Which of the following is an accurate statement regarding a minor's right to disaffirm a
contract? - Answers✔A minor has the right to disaffirm a contract until a reasonable time after
reaching the age of majority.
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? - Answers✔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? - Answers✔a contract for joining a school team
Which of the following is an accurate statement regarding a minor's right to disaffirm a contract
for necessaries? - Answers✔Technically, a minor can disaffirm a contract for necessaries, but
the minor is liable for the reasonable value of the necessaries.
In the context of a contract for a necessary, which of the following is not a necessary? -
Answers✔high-speed Internet
Which of the following is an accurate statement regarding ratification of a contract? -
Answers✔Once ratified, a contract is no longer voidable.
An express ratification may be ______. - Answers✔made either orally or in writing
A contract for a ______ is a contract that supplies the minor with the basic necessities of life. -
Answers✔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. -
Answers✔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. - Answers✔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. - Answers✔express
Which of the following is an accurate statement regarding the parental liability for the contracts
entered into by their minor children? - Answers✔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. - Answers✔implied
Which of the following is an accurate statement regarding parental liability for the necessaries
of their children? - Answers✔Parents have a legal duty to provide their children with the basic
necessities of life.
2|Page
