Final Review: Chapter 9
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Transcript of Final Review: Chapter 9
Final Review: Chapter 9Brook WampoleMrs. ColeLaw 2013-14
True or False• Ratification can never occur before the age of majority to
contract.
• True
• Emancipated minors may lose the power to disaffirm their contracts.
• True
• In most jurisdictions, even if a minor cannot return everything that was received under a contract, the minor will receive back everything she or he put into the bargain.
• True
• Minors are not usually liable for their torts.
• True
• As soon as a person reaches the age of majority the legal power to disaffirm a contract is immediately ended.
• False
Multiple Choice• Parties who may, because of their status, have the right to
disaffirm a contract include• A. minors• B. the mentally incapacitated• C. the intoxicated• D. all of these
• D all of these
• Which of the following would most likely not be classified as a necessary?• A. an apartment• B. clothes• C. cosmetics• D. food
• C. cosmetics
• Contracts of a minor that cannot be disaffirmed include• A. court-approved contracts• B. enlistment in the armed services• C. educational loans• D. all of these
• D. all of these
• Which of the following is not evidence of informal emancipation?• A. a minor marries• B. a minor gives birth• C. a minor buys a car• D. a minor moves out of the family home
• C. a minor buys a car
• All contracts by a party held to be permanently insane by a court are• A. valid but must be ratified by the party’s guardian• B. voidable• C. void• D. reviewed by a court
• C. void
Completion• Grant, a 16-year old high school student, quit school and took
a full-time job. His actions are evidence of informal _______.
• emancipation
• Latrice is only 13 years old, but once she signs a court-approved contract she cannot ________ it.
• disaffirm
• Food, clothing and shelter are all classified as _________ for those who lack capacity.
• necessaries
• When a contract for necessaries is disaffirmed by a party lacking capacity, they still must pay a(n) _________ amount for those necessaries.
• reasonable
• Minors can disaffirm their contracts during their minority and for a reasonable period of time after attaining their ________.
• majority