LSB exam 2..docx

Max, a minor subject to his parents' care and control, signs a contract to rent an apartment from Noel for one year. Before the end of the term, Max moves out. Noel sues for the rent for the rest of the term. Max can - correct answer disaffirm the contract and avoid liability for the rent Olga, a minor, signs a contract to buy a computer from Phil, the owner of Quality Computer Store. Olga's right to disaffirm the contract - correct answer does not change the fact that Phil is bound to the contract Delia enters into, and fails to disaffirm soon after reaching the age of majority, a contract with Electronic Stores, Inc. Later Delia attempts to disaffirm the contract. ESI files a suit against her. The court will most likely consider the contract ratified if it is - correct answer executed Norm signs a contract to buy a car just before reaching the age of majority. After reaching the age of majority, Norm does not take possession or make payments. Most courts would hold that she had - correct answer disaffirmed the contract On Tad's 18th birthday he decides that he no longer wants to keep a car he bought from the U-Pick Autos Inc, when he was 17, His right to disaffirm the deal will depend on - correct answer whether Tad acts within a reasonable period of time Ruth, a minor, charges groceries at Sam's Mini-Mart. Two days later, Ruth disaffirms the purchase. Ruth owes Sam's - correct answer the reasonable value of the groceries T/F: A covenant not to compete is a part of an employment contract will generally be upheld if its restrictions are reasonable in scope and duration. - correct answer True IF a court has previously determined that a person is mentally incompetent and has appointed a guardian to represent the individual, contracts made by the mentally incompetent person are - correct