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LSU BLAW 3201 FRY Final Version C
Newest 2025 Complete 100 Questions And
Correct Answers (Verified Answers) |Already
Graded A+||Brand New!!
Wanda at age 17 purchased an expensive stereo system from
Stereo Sales. If Wanda wishes to ratify this contract, Wanda:
a. must reach the age of majority and ratify the contract as a
whole.
b. may do so by express notification at any time before reaching
the age of majority.
c. may at any time keep the stereo but avoid any remaining debt
owed on the stereo.
d. may do so at any time by express or implied action before or
after reaching the age of majority. - ANSWER-a
Donald, a minor, makes a contract with Albert, an adult, to buy a
computer. One week later, Donald has his eighteenth birthday
and shortly thereafter tells Albert he will pick up the computer
next week.
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a. Donald has expressly ratified the contract.
b. The contract must be renegotiated, because Donald was a
minor when it was made.
c. Donald can change his mind and avoid the contract, because it
was made when he was a minor.
d. The contract is void ab initio, because Donald was a minor at
the time it was made. - ANSWER-a
A contract by which of the following is void?
a. A fourteen-year-old girl.
b. A thirty-six-year-old man under a court-ordered guardianship
for mental incompetency.
c. A thirty-year-old woman who, because of intoxication, is
unable to understand the nature and consequences of signing the
contract.
d. A twenty-five-year-old woman who is unable to understand
the nature and effect of signing a contract because of a mental
illness. - ANSWER-b
When a minor falsely advises the other party that he is of the age
of majority and based upon that misrepresentation, the other
party in good faith enters into a contract with the minor:
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a. the minor has lost his right to disaffirm the contract because
of the misrepresentation.
b. the adult party can recover damages from the minor in tort.
c. the minor is required to restore the other party to the position
occupied before the making of the contract.
d. There is no uniform rule. States differ, and depending upon
the state, any of the above could be correct. - ANSWER-d
Which of the following is correct regarding the contractual
liability of incompetent persons?
a. An incompetent person's responsibility upon disaffirmance is
the same as for a minor.
b. For executed, fair contracts with a mentally incompetent
person who understands but cannot control his behavior to act
rationally, the incompetent must restore the competent party to
the status quo before the transaction by a return of the
consideration received or its equivalent in money.
c. The contracts of a person under guardianship by court order
are voidable.
d. The contracts of a ward are binding without the approval of
the guardian. - ANSWER-b
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In most states, whether the time within which a minor disaffirms
a contract constitutes a reasonable time is determined by:
a. state statute.
b. the UCC.
c. the facts and circumstances of the case.
d. common law, without regard to the unique facts of the case at
hand. - ANSWER-c
The parol evidence rule is an exclusionary rule of evidence. -
ANSWER-False
The parol evidence rule only applies to written contracts. -
ANSWER-True
The word "parol" literally means release. - ANSWER-False
The parol evidence rule would allow evidence to be introduced
to explain what the parties meant by the term "serrated." -
ANSWER-True
LSU BLAW 3201 FRY Final Version C
Newest 2025 Complete 100 Questions And
Correct Answers (Verified Answers) |Already
Graded A+||Brand New!!
Wanda at age 17 purchased an expensive stereo system from
Stereo Sales. If Wanda wishes to ratify this contract, Wanda:
a. must reach the age of majority and ratify the contract as a
whole.
b. may do so by express notification at any time before reaching
the age of majority.
c. may at any time keep the stereo but avoid any remaining debt
owed on the stereo.
d. may do so at any time by express or implied action before or
after reaching the age of majority. - ANSWER-a
Donald, a minor, makes a contract with Albert, an adult, to buy a
computer. One week later, Donald has his eighteenth birthday
and shortly thereafter tells Albert he will pick up the computer
next week.
,2|Page
a. Donald has expressly ratified the contract.
b. The contract must be renegotiated, because Donald was a
minor when it was made.
c. Donald can change his mind and avoid the contract, because it
was made when he was a minor.
d. The contract is void ab initio, because Donald was a minor at
the time it was made. - ANSWER-a
A contract by which of the following is void?
a. A fourteen-year-old girl.
b. A thirty-six-year-old man under a court-ordered guardianship
for mental incompetency.
c. A thirty-year-old woman who, because of intoxication, is
unable to understand the nature and consequences of signing the
contract.
d. A twenty-five-year-old woman who is unable to understand
the nature and effect of signing a contract because of a mental
illness. - ANSWER-b
When a minor falsely advises the other party that he is of the age
of majority and based upon that misrepresentation, the other
party in good faith enters into a contract with the minor:
,3|Page
a. the minor has lost his right to disaffirm the contract because
of the misrepresentation.
b. the adult party can recover damages from the minor in tort.
c. the minor is required to restore the other party to the position
occupied before the making of the contract.
d. There is no uniform rule. States differ, and depending upon
the state, any of the above could be correct. - ANSWER-d
Which of the following is correct regarding the contractual
liability of incompetent persons?
a. An incompetent person's responsibility upon disaffirmance is
the same as for a minor.
b. For executed, fair contracts with a mentally incompetent
person who understands but cannot control his behavior to act
rationally, the incompetent must restore the competent party to
the status quo before the transaction by a return of the
consideration received or its equivalent in money.
c. The contracts of a person under guardianship by court order
are voidable.
d. The contracts of a ward are binding without the approval of
the guardian. - ANSWER-b
, 4|Page
In most states, whether the time within which a minor disaffirms
a contract constitutes a reasonable time is determined by:
a. state statute.
b. the UCC.
c. the facts and circumstances of the case.
d. common law, without regard to the unique facts of the case at
hand. - ANSWER-c
The parol evidence rule is an exclusionary rule of evidence. -
ANSWER-False
The parol evidence rule only applies to written contracts. -
ANSWER-True
The word "parol" literally means release. - ANSWER-False
The parol evidence rule would allow evidence to be introduced
to explain what the parties meant by the term "serrated." -
ANSWER-True
