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Business
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Smith and Robersons Business Law
Quiz 14: Contractual Capacity
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Question 1
True/False
In general,a minor may only disaffirm a contract after he has reached the age of majority.
Question 2
True/False
Sean had two beers and felt tipsy.He made a deal with Yoko to buy her stereo.He can avoid the contract because of lack of capacity.
Question 3
True/False
Sally goes away to college at 17,lives on her own,and pays her own rent and electric bills.If she makes a contract to buy a television set,in most jurisdictions,she may assert her minority status and set aside the contract.
Question 4
True/False
The doctrine of necessaries applies in the same way to minors and mental incompetents.
Question 5
True/False
At common law,a minor was a person who was under twenty-one years of age.
Question 6
True/False
Kris,age 17,who looks 18 or older,makes a contract to buy a car from Maisie,an adult.Maisie finds out Kris's age.Maisie may avoid the contract even if Kris did not misrepresent her age.
Question 7
True/False
Ratification makes a contract void from the beginning.
Question 8
True/False
In general,minors have liability for their torts.
Question 9
True/False
If a person is adjudicated insane and placed in care of a guardian,that person's contracts are void.
Question 10
True/False
Disaffirmance may be express,but it may not be implied.
Question 11
True/False
All states agree that a minor who has fraudulently misrepresented her age when entering into a contract has no power to disaffirm the contract.
Question 12
True/False
Beth,at age 17,sells an antique pin she inherited.Even if the buyer resells the pin to someone who did not know that it was purchased from a minor,Beth can recover the pin from the third person if she changes her mind about wanting to sell it.
Question 13
True/False
An intoxicated person must have been so intoxicated as to have been unable to understand the consequences of his actions or have been unable to act in a reasonable manner in order to avoid a contract.
Question 14
True/False
In a contract to sell necessaries to a minor,these goods and services are limited to medical care,food,and shelter.
Question 15
True/False
In general,if a minor lies about her age in order to induce the seller to contract with her,she cannot disaffirm that contract.
Question 16
True/False
Jessica at the age of 15 entered into a contract to sell five acres of land to her uncle.She may disaffirm this contract at any time before reaching her majority.
Question 17
True/False
By the majority view,a minor need only return any property he has received from the other party if the minor wishes to disaffirm the contract.He has no duty to return the property in the same condition in which he received it.