LESSON 9-1. QUIZ - bisd303.org€¦ · STUDENT DATE / LESSON 9-1. QUIZ Legal Concepts Directions:...

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STUDENT DATE / LESSON 9-1. QUIZ Legal Concepts Directions: In the Answers column, write the letter from Column 1 that represents the word or phrase that matches the statement in Column 2. Column 1 A. necessaries B. disaffirmance C. minority D. minors E. emancipation F. age of majority G. mental incapacity .t-1. scope oI authority I. contractual capacity I. intoxication K. ratification Column 2 People under the age of 1B Condition in which a party to a contract is unable to understand the contract The range of acts that an organization authorizes a person to do Items that are required to maintain life The ability to understand that a contract is being made and its general meaning A state of mental impairment that results from using drugs, alcohol, or inhalants The age of 18 or yoLrnger The age of 18 in most states An action with the intent to be bound by a contract Both parties to a contract return the consideration The severing of the child-parent relationship Answers 1. 2. Legal Applicntion 72. Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars,but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund? Explain your answer. 2-58 Chapter 9 Legal Capacity to Contract @ 2012 Cengage Learning. AII Rights Reserved. May not be copied, scanned, or duplicated, in whote or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected websile for classroom use

Transcript of LESSON 9-1. QUIZ - bisd303.org€¦ · STUDENT DATE / LESSON 9-1. QUIZ Legal Concepts Directions:...

STUDENT DATE

/ LESSON 9-1. QUIZ

Legal Concepts

Directions: In the Answers column, write the letter from Column 1 that representsthe word or phrase that matches the statement in Column 2.

Column 1

A. necessaries

B. disaffirmance

C. minority

D. minors

E. emancipation

F. age of majority

G. mental

incapacity

.t-1. scope oIauthority

I. contractualcapacity

I. intoxication

K. ratification

Column 2

People under the age of 1B

Condition in which a party to a contract is

unable to understand the contract

The range of acts that an organization

authorizes a person to do

Items that are required to maintain life

The ability to understand that a contract isbeing made and its general meaning

A state of mental impairment that resultsfrom using drugs, alcohol, or inhalants

The age of 18 or yoLrnger

The age of 18 in most states

An action with the intent to be bound bya contract

Both parties to a contract return theconsideration

The severing of the child-parentrelationship

Answers1 .

2 .

Legal Applicntion

72. Taryn is 16 years old in a state where the age of majority is 19. Taryn plans tobegin working at a restaurant next week. Her parents are willing to let her useone of their cars, but she wants her own car. If Taryn buys a car for fair marketvalue, would she be able to return the car and get a full refund? Explain youranswer.

2-58 Chapter 9 Legal Capacity to Contract

@ 2012 Cengage Learning. AII Rights Reserved. May not be copied, scanned, or duplicated, in whote or in part, except for use aspermitted in a l icense distributed with a certain product or service or otherwise on a password-protected websile for classroom use

STUDENT CLASS DATE

/ LESSON 9-2 QUTZ

Legal Concepts

Directions: Write Yes or No in the Answers column to indicate the correct answer.Answers

1. Can a person who Iacks contractual capacity disaffirm a contract 1.for goods and services that are not necessaries at any time afterattaining capacity?

2. Could a minor ratify a contract before achieving majority? 2.3. Does a new promise to perform as agreed constitute ratification? 3.4. Can the ratification of a contract be withdrawn? 4.5. If a minor disaffirms a tontract, will they be entitled to receive 5.

everything back that they gave to the other party?6. Do all states forbid minors to void contracts that have been 6.

approved by a court?7. Would a minor who enlisted in the armed services be per:mitted 7.

to disaffirm such a contract?8. Can marriage contracts be disaffirmed? B.9. Do minors usually have the right to disaffirm banking contracts? 9.

10. Do some states allow minors who sell real property to disaffirm 10.the sale after they achieve majority?

1.7" Are minors held liable for torts even though they have capacity 11.rights?

72. Is it possible for a minor who lied about his or her age to disaffirm 12.a contract?

13. Could a rninor who gave a false age be held liable for the tort of 13.false representation?

Legal Application

74. Don Alan was 77 and considered a minor when he began making payments onan engagement ring for his girlfriend, Angie. After three months, Don Alan hadpaid $565 on the $985 contract. Angie decided to break off the engagement, butshe refused to refttrn the ring to Don Alan. Can Don Alan receive a refund fromthe jeweler even though Angie has the ring? Explain your answer.

2-62 Chapter g Legal Capacity to Contract

O 2012 Cengage Learn ing . A l l R igh ts Reserved. May no t be cop ied , scanned, o rdup l ica ted , in who le o r in par t , excep l fo r use aspermitted in a l icense distributed with a certain product or service or otheMise on a password-protected website for classroom use