Blaw 201 (BLAW201)
Drexel University
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Business Law notes.
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BLAW 201: Chapter 13a Correct Answers Latest Update 2024
- Examen • 17 páginas • 2024
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Contractual Capacity - correct answers Ability to understand that a contract is being made and to understand its general meaning 
 
Factors of Capacity - correct answers Age, mental incapacity, drugs/alcohol 
 
Age of Full Capacity - correct answers 18 years old; a minor can avoid a contract while they are a minor and for a reasonable amount of time after becoming an adult, unless they first ratify the contract 
- A minor can go through with a contract, but they can also choose to avoid it if th...
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BLAW 201 Sources Of Law; U.S. Court System Correct Answers Latest Update 2024
- Examen • 3 páginas • 2024
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Individuals create their own private law when enter into a contract with each other. 
 
True 
False - correct answers True 
 
Statutory law includes U.S. Supreme Court opinions. 
 
True 
False - correct answers False 
 
When a court decides a new question or problem, it can ignore precedent. 
 
True 
False - correct answers False 
 
Under the Federal Arbitration Act, a court may set aside the award of an arbitrator if an arbitrator committed a gross procedural error that prejudiced the rights of...
BLAW 201 Final- Legality And Public Policy Correct Answers Latest Update 2024
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