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Contract Law Chapter 9

Authored by Kevin Voeller

Business

9th - 12th Grade

Used 45+ times

Contract Law Chapter 9
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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Minors have contractual capacity for non-necessaries.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Incapacitated parties can legally be forced into contracts if they are explained all of the terms.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After the age of majority, the power to disaffirm is immediately cut off if the person ratifies the contract.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Minority rights only end after the individual has turned 18.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any person who drinks an alcoholic beverage lacks the legal capacity to make a valid binding contract.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The standard for necessaries are exactly the same from one person to another.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People acting outside the scope of their authority are generally personally liable whenever the organization is not.

True

False

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