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Business Law and the Regulation of Business Study Set 2
Quiz 14: Contractual Capacity
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Question 61
Multiple Choice
Cheryl, age 16, ordered a new dress to wear to the school prom. She has contracted to pay $500 when the dress arrives. Before the dress arrives, Cheryl decides that the dress is too expensive, and she now wishes to cancel the order. Cheryl:
Question 62
Essay
What are the ways in which a minor may disaffirm a contract? What is the effect of a minor's misrepresenting age in order to enter into a contract? Explain.
Question 63
Essay
Discuss a minor's duty to a seller upon disaffirmance of a contract for the sale of goods.
Question 64
Essay
While she was 17, Trina purchases a laptop computer. Discuss the implications of her actions as to whether she can disaffirm the contract of purchase if she: (a) tries to sell the computer one year later; (b) continues to use the computer for eighteen months; or (c) has not yet made all of the payments when she turns 18, but continues to make monthly payments.
Question 65
Essay
Discuss the concept of ratification and the ways in which a minor may ratify a contract. Give an example.
Question 66
Essay
What is the doctrine of liability for a tort connected with a contract?
Question 67
Multiple Choice
Joanne, a minor, sold her laptop computer to Bruce, an adult. Bruce then sold the laptop to Anna, also an adult, who had no knowledge of the fact that the original owner was a minor. Under the Uniform Commercial Code, Joanne may: