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Final Review: Chapter 9

Final Review: Chapter 9. Brook Wampole Mrs. Cole Law 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.

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Final Review: Chapter 9

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  1. Final Review: Chapter 9 Brook Wampole Mrs. Cole Law 2013-14

  2. True or False • Ratification can never occur before the age of majority to contract.

  3. True

  4. Emancipated minors may lose the power to disaffirm their contracts.

  5. True

  6. 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.

  7. True

  8. Minors are not usually liable for their torts.

  9. True

  10. As soon as a person reaches the age of majority the legal power to disaffirm a contract is immediately ended.

  11. False

  12. 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

  13. D all of these

  14. Which of the following would most likely not be classified as a necessary? • A. an apartment • B. clothes • C. cosmetics • D. food

  15. C. cosmetics

  16. 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

  17. D. all of these

  18. 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

  19. C. a minor buys a car

  20. 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

  21. C. void

  22. Completion • Grant, a 16-year old high school student, quit school and took a full-time job. His actions are evidence of informal _______.

  23. emancipation

  24. Latriceis only 13 years old, but once she signs a court-approved contract she cannot ________ it.

  25. disaffirm

  26. Food, clothing and shelter are all classified as _________ for those who lack capacity.

  27. necessaries

  28. When a contract for necessaries is disaffirmed by a party lacking capacity, they still must pay a(n) _________ amount for those necessaries.

  29. reasonable

  30. Minors can disaffirm their contracts during their minority and for a reasonable period of time after attaining their ________.

  31. majority

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