Business Law Chapter 7 Contractual Capacity

Business Law Chapter 7 Contractual Capacity

10th - 12th Grade

22 Qs

quiz-placeholder

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Business Law Chapter 7 Contractual Capacity

Business Law Chapter 7 Contractual Capacity

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

Alicia Stahl

Used 38+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Are contracts made while intoxicated voidable?

Yes

No

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A minor cannot legally enter into a contract for a car and life insurance?

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can an item that isn't considered a necessity be returned by a minor in any condition for a refund?

Yes

No

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The legal ability to enter into a contract.

Compensation

Capacity

Genuine Agreement

All of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To avoid.

Deactivate

Affirm

Affirmation

Disaffirm

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can a minor return necessaries and be guaranteed a refund like they can do for other items?

Yes

No, a minor can't be given a refund on necessaries.

No, a minor can't be guaranteed a refund on necessaries.

No, but a minor in some circumstances can be given a refund on necessaries.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To show the intent not to live up to the contract by a statement or some other act is

Reaffirm a contract

Break the contract

Disaffirm a contract

None of the above

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