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Business
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Business Law
Quiz 14: Contractual Capacity
Path 4
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Question 1
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 2
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 3
True/False
In most states,determining what is a reasonable time for disaffirmance depends on circumstances rather than a statutorily prescribed time period.
Question 4
True/False
Contracts of a ward may be ratified by his guardian during the period of guardianship.
Question 5
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.