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

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