Question 1

If intoxication is purely voluntary, the intoxicated person's contracts are not voidable.

Accepted Answer

A) True 
 B)False

Question 2

A contract entered into by an intoxicated person can be voidable.

Accepted Answer

A) True 
 B)False

Question 3

Tracy is fifteen. In most states, for contractual purposes, Tracy would be considered a minor until she is

Accepted Answer

A)   sixteen.
B)   seventeen.
C)   eighteen.
D)   twenty-one.E) A) and B)
F) B) and C)

Question 4

The purpose of the right to disaffirm a contract is to

Accepted Answer

A)   recognize the legitimate interests of those who contract with minors.
B)   protect minors.
C)   restore persons to positions they held before contracting.
D)   ratify a contract and make it enforceable.E) C) and D)
F) A) and B)

Question 5

Disaffirmance is the legal avoidance, or setting aside, of a contractual obligation.

Accepted Answer

A) True 
 B)False

Question 6

Ratification is the legal avoidance, or setting aside, of a contractual obligation.

Accepted Answer

A) True 
 B)False

Question 7

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.

Accepted Answer

A) True 
 B)False

Question 8

Jill, a minor, buys an Xbox from Kelly's Store, agreeing to pay the price in seven monthly installments. On the way home, Jill drops the Xbox and it breaks. The next day, she goes to Kelly's to return the Xbox. Can she cancel the installment agreement? If not why not? If so, are there any conditions?

Accepted Answer

Jill can cancel the agreement with Kelly...

Question 9

Martin, a minor, inherits the rights to several patents. To make use of this property, Martin petitions a court to be treated as an adult for business purposes. If the court grants the request, Martin loses the right to

Accepted Answer

A)   negotiate business contracts.
B)   engage in business contracts.
C)   ratify business contracts.
D)   disaffirm business contracts.E) B) and C)
F) A) and B)

Question 10

Emancipation is the release of a minor from a contract.

Accepted Answer

A) True 
 B)False

Question 11

Van, a minor, wants to return a set of skis that he bought from Winter Sports. He used-and wrecked-the skis. In a state in which a duty of restitution is imposed, Van most likely

Accepted Answer

A)   can return the skis "as is" and avoid further liability.
B)   is not required to return the skis due to his or her minority.
C)   must return the skis and pay for the damage.
D)   cannot return the skis unless they can be fully restored.E) B) and C)
F) A) and D)

Question 12

Chuck, a minor, signs a contract with Denise, an adult. The contract is voidable at the option of

Accepted Answer

A)   neither party.
B)   Chuck only.
C)   either party.
D)   Denise only.E) A) and B)
F) A) and C)

Question 13

Only a guardian can enter into a binding legal duty on an adjudged mentally incompetent person's behalf.

Accepted Answer

A) True 
 B)False

Question 14

Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. On reaching the age of majority, the contract will be made enforceable if Blanche

Accepted Answer

A)   ratifies it.
B)   disaffirms it.
C)   nullifies it.
D)   voids it.E) B) and C)
F) A) and C)

Question 15

The contracts entered into by a minor are voidable at the option of that minor.

Accepted Answer

A) True 
 B)False

Question 16

Caitlyn is a minor. As a minor, Caitlyn

Accepted Answer

A)   is not usually legally bound by a contract.
B)   has the right to avoid liability under a valid contract.
C)   has the capacity to enter into a valid contract.
D)   all of the choices.E) A) and B)
F) B) and D)

Question 17

Donald is a minor. He can enter into any contract an adult can, provided

Accepted Answer

A)   the adult is willing to enter into contracts with minors.
B)   Donald is willing to disaffirm or nullify the contract.
C)   the contract is not one prohibited by law for minors.
D)   an adult is willing to ratify the contract.E) C) and D)
F) B) and C)

Question 18

If a person was intoxicated but understood the legal consequences of entering into a contract, the contract is enforceable.

Accepted Answer

A) True 
 B)False

Question 19

A minor may petition a court to be treated as an adult for business purposes.

Accepted Answer

A) True 
 B)False

Question 20

Quint enters into a contract to buy a quarter horse from Rancho Mirage. Quint can disaffirm the contract

Accepted Answer

A)   only by words.
B)   only by conduct.
C)   by words or conduct.
D)   none of the choices.E) B) and C)
F) A) and D)

Exam 11: Capacity

If a person was intoxicated but understood the legal consequences of entering into a contract, the contract is enforceable.

Correct Answer
verified

The contracts entered into by a minor are voidable at the option of that minor.

Correct Answer
verified

Correct Answer
verified
Jill can cancel the agreement with Kelly...
View Answer

If intoxication is purely voluntary, the intoxicated person's contracts are not voidable.

Correct Answer
verified

Ratification is the legal avoidance, or setting aside, of a contractual obligation.

Correct Answer
verified

Only a guardian can enter into a binding legal duty on an adjudged mentally incompetent person's behalf.

Correct Answer
verified

Martin, a minor, inherits the rights to several patents. To make use of this property, Martin petitions a court to be treated as an adult for business purposes. If the court grants the request, Martin loses the right to

Correct Answer
verified

Chuck, a minor, signs a contract with Denise, an adult. The contract is voidable at the option of

Correct Answer
verified

A minor may petition a court to be treated as an adult for business purposes.

Correct Answer
verified

The purpose of the right to disaffirm a contract is to

Correct Answer
verified

Emancipation is the release of a minor from a contract.

Correct Answer
verified

Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. On reaching the age of majority, the contract will be made enforceable if Blanche

Correct Answer
verified

Tracy is fifteen. In most states, for contractual purposes, Tracy would be considered a minor until she is

Correct Answer
verified

Donald is a minor. He can enter into any contract an adult can, provided

Correct Answer
verified

Van, a minor, wants to return a set of skis that he bought from Winter Sports. He used-and wrecked-the skis. In a state in which a duty of restitution is imposed, Van most likely

Correct Answer
verified

A contract entered into by an intoxicated person can be voidable.

Correct Answer
verified

Disaffirmance is the legal avoidance, or setting aside, of a contractual obligation.

Correct Answer
verified

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.

Correct Answer
verified

Caitlyn is a minor. As a minor, Caitlyn

Correct Answer
verified

Quint enters into a contract to buy a quarter horse from Rancho Mirage. Quint can disaffirm the contract

Correct Answer
verified

Exam 11: Capacity

If a person was intoxicated but understood the legal consequences of entering into a contract, the contract is enforceable.

Correct AnswerverifiedShow Answer

The contracts entered into by a minor are voidable at the option of that minor.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedJill can cancel the agreement with Kelly...View AnswerShow Answer

If intoxication is purely voluntary, the intoxicated person's contracts are not voidable.

Correct AnswerverifiedShow Answer

Ratification is the legal avoidance, or setting aside, of a contractual obligation.

Correct AnswerverifiedShow Answer

Only a guardian can enter into a binding legal duty on an adjudged mentally incompetent person's behalf.

Correct AnswerverifiedShow Answer

Martin, a minor, inherits the rights to several patents. To make use of this property, Martin petitions a court to be treated as an adult for business purposes. If the court grants the request, Martin loses the right to

Correct AnswerverifiedShow Answer

Chuck, a minor, signs a contract with Denise, an adult. The contract is voidable at the option of

Correct AnswerverifiedShow Answer

A minor may petition a court to be treated as an adult for business purposes.

Correct AnswerverifiedShow Answer

The purpose of the right to disaffirm a contract is to

Correct AnswerverifiedShow Answer

Emancipation is the release of a minor from a contract.

Correct AnswerverifiedShow Answer

Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. On reaching the age of majority, the contract will be made enforceable if Blanche

Correct AnswerverifiedShow Answer

Tracy is fifteen. In most states, for contractual purposes, Tracy would be considered a minor until she is

Correct AnswerverifiedShow Answer

Donald is a minor. He can enter into any contract an adult can, provided

Correct AnswerverifiedShow Answer

Van, a minor, wants to return a set of skis that he bought from Winter Sports. He used-and wrecked-the skis. In a state in which a duty of restitution is imposed, Van most likely

Correct AnswerverifiedShow Answer

A contract entered into by an intoxicated person can be voidable.

Correct AnswerverifiedShow Answer

Disaffirmance is the legal avoidance, or setting aside, of a contractual obligation.

Correct AnswerverifiedShow Answer

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.

Correct AnswerverifiedShow Answer

Caitlyn is a minor. As a minor, Caitlyn

Correct AnswerverifiedShow Answer

Quint enters into a contract to buy a quarter horse from Rancho Mirage. Quint can disaffirm the contract

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Jill can cancel the agreement with Kelly...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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