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Chp. 9+10: Legal Capacity to Contract+Legal Purpose &Proper Form

Authored by Pennie Barron

Business

9th - 12th Grade

Used 5+ times

Chp. 9+10: Legal Capacity to Contract+Legal Purpose &Proper Form
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Age of majority to contract

ability to understand that a contract is being made and its general meaning

condition in which a party to a contract is unable to understand the consequences of the contractual act

things needed to maintain life and lifestyle, such as food, water, sheler, and medical care

age at which a person can be legally bound to contracts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Both parties to a contract return the consideration

disaffirmance

age of majority

necessaries

emancipation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Severing the child-parent relationship

age of minority

emancipation

disaffirmance

ratification

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ability to understand that a contract is being made and its general meaning

mental incapacity

scope of authority

intoxication

contractual capacity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mental impairment caused by voluntary use of alcohol, drugs, or inhalants

intoxication

majority

emancipation

ratification

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Acting toward the contract as though one intends to be bound by it; principal’s assent to unauthorized acts of an agent

scope of authority

emancipation

ratification

intoxication

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In employment law, range of contractual acts an organization has authorized an employee to do; in agency, range of contractual acts authorized by the principal

intoxication

scope of authority

disaffirmance

emancipation

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