Business Law Chapter 9 9.1 Contractual Capacity

The contracts of all those who lack capacity are void.

• True

• False

A temporarily intoxicated person who did not even know she was entering into a contract of marriage could avoid the contract.

• False

• True

An habitual drunkard's contracts are

• valid

• voidable

• void

What is the most common age of majority to contract?

• 21

• 18

• 16

• 9

The three most common necessaries are food, education, and shelter.

• True

• False

If a person acts within his or her scope of authority in entering into a contract for an organization, he or she is not personally liable for any losses that might occur.

• True

• False