lenb contracts-Questions, all Solved 100%
Correct _Verified Answers
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 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.
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
Which of the following is an accurate statement regarding a minor's right to disaffirm a contract
for necessaries? - ✔✔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? -
✔✔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 parental liability for the torts of their
minor children? - ✔✔In most states, parents are not liable for the torts of their minor
children.
In the context of contractual capacity, which of the following is not a type of mental capacity a
person suffering from a mental illness or deficiency might have? - ✔✔constructive legal
capacity
Which of the following is not an accurate statement regarding the contractual capacity of an
intoxicated person? - ✔✔Most states follow the Uniform Contracts Code, which addresses
the effect of intoxication on contractual capacity.
If a contract is disaffirmed on the basis of intoxication then _______ party must return property
or money delivered. - ✔✔each
Which of the following is not an accurate statement regarding the contractual capacity of a
mentally incapacitated person? - ✔✔A person has full capacity to enter into a contract if she
suffers from a mental deficiency that prevents her from understanding the transaction.
Which of the following is an accurate statement regarding the legality requirement of contract
enforcement? - ✔✔To be enforceable, a contract must both have a legal exchange as its
subject and be able to be performed legally.
Which of the following is an accurate statement regarding an unenforceable agreement? -
✔✔No remedy is available for such an agreement.
Which of the following is an incorrect statement regarding an agreement to commit a crime or
tort? - ✔✔A contract, irrespective of its legality, is enforceable.
To enter into a valid and enforceable agreement for services, the services that require a license
must be ______ by one party to the agreement. - ✔✔active
Correct _Verified Answers
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 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.
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
Which of the following is an accurate statement regarding a minor's right to disaffirm a contract
for necessaries? - ✔✔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? -
✔✔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 parental liability for the torts of their
minor children? - ✔✔In most states, parents are not liable for the torts of their minor
children.
In the context of contractual capacity, which of the following is not a type of mental capacity a
person suffering from a mental illness or deficiency might have? - ✔✔constructive legal
capacity
Which of the following is not an accurate statement regarding the contractual capacity of an
intoxicated person? - ✔✔Most states follow the Uniform Contracts Code, which addresses
the effect of intoxication on contractual capacity.
If a contract is disaffirmed on the basis of intoxication then _______ party must return property
or money delivered. - ✔✔each
Which of the following is not an accurate statement regarding the contractual capacity of a
mentally incapacitated person? - ✔✔A person has full capacity to enter into a contract if she
suffers from a mental deficiency that prevents her from understanding the transaction.
Which of the following is an accurate statement regarding the legality requirement of contract
enforcement? - ✔✔To be enforceable, a contract must both have a legal exchange as its
subject and be able to be performed legally.
Which of the following is an accurate statement regarding an unenforceable agreement? -
✔✔No remedy is available for such an agreement.
Which of the following is an incorrect statement regarding an agreement to commit a crime or
tort? - ✔✔A contract, irrespective of its legality, is enforceable.
To enter into a valid and enforceable agreement for services, the services that require a license
must be ______ by one party to the agreement. - ✔✔active
