Law End of Year Review #3

An emancipated minor is a child who is no longer under the legal control of his or her own parents.

• True

• False

Parents have certain rights under the law regarding their minor children, including the right to discipline and the right to manage their children's property.

• True

• False

Minors who have signed a military enlistment agreement can legally get out it based on their age.

• True

• False

Capacity rights allow minors, people with mental impairments, and people under the influence of drugs and alcohol to disaffirm a contract.

• True

• False

One of the characteristics of consideration is that it must involve something of value.

• True

• False

Minors are not allowed to enter into any contracts.

• True

• False

You have a right to sue a person who breaches a contract made with you.

• True

• False

A person may win a lawsuit for fraud even if no loss is suffered.

• True

• False

A legal means for enforcing a right or correcting a wrong is called a remedy.

• True

• False

The warranty of merchantability applies to nonmerchants as well as merchants.

• True

• False