Capacity to Contract

Front

Capacity is the legal ability to enter into a _ and be held to it.

Back

contract

Front

In regards to contracts, the age of majority is

Back

18

Front

If a minor enters a contract, the contract is considered to be __.

Back

voidable

Front

Cassie will reach the age of majority.

Back

the day before her 18th birthday.

Front

An emancipated minor has the same legal protection to avoid a contract as a minor that is still under the control of a parent.

Back

False

Front

Which of the following is true regarding a minor disaffirming a contract for merchandise purchased?
Options:
If damaged, they may not disaffirm the contract.
They must offer to return the merchandise regardless of the condition of the merchandise.
A minor may not disaffirm a contract for merchandise.

Back

They must offer to return the merchandise regardless of the condition of the merchandise.

Front

If Anissa (age 17) and Abby (age 16) enter a contract with one another

Back

either one of them may disaffirm the contract.

Front

In some states a minor may be sued for fraud if they lie about their age to enter a contract.

Back

True

Front

If a guardian has been appointed for a mentally impaired individual, a contract entered by the impaired individual is

Back

void

Front

The term _____ allows individuals to assume that the other party has the capacity to enter a contract.

Back

rebuttable presumption