Search Header Logo

Chapter 14 - Capacity to Contract

Authored by Eric Sader

others

Used 6+ times

Chapter 14 - Capacity to Contract
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Capacity is the ability to know the details of the legal rights in a contract.

True
False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Ratification is the actual signature on the written contract.

True
False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Disaffirmance is the right to avoid a contract due to incapacity.

True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A minor’s right to disaffirm a contract ends on the day the minor achieves the age of majority.

True
False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Intoxicated persons are always allowed to disaffirm a contract.

True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Persons with a mental incapacity may disaffirm a contract, but cannot ratify the contract.

True
False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The “benefit rule” states that when a minor disaffirms a contract:

They have no further duties
Recovery of full purchase price is subject to deduction for the minor’s use
They have the duty to return the subject goods

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?