Business law ch 11 quiz – Flashcards
Unlock all answers in this set
Unlock answersquestion
Boyd is a minor. As a minor, Boyd has the capacity to enter into
answer
A valid contract
question
James is 16 years old. Legally, James is
answer
An infant
question
Sierra is 15. In most states, Sierra would be considered a minor because she is under the age of
answer
18
question
In most states, when a person turns 18, he or she has reached
answer
The age of majority
question
Richard is an adult. He enters into a contract to sell 16-year-old Jane his car for $3000. The next day Richard receives an offer of $4000 for his car from 20-year-old bill. Richard
answer
Cannot DIsaffim his contract with Jane because he is an adult
question
Olivia, a minor, signs a contract to buy a bike from Phil, the owner of super cycles bike store. Olivia's rightto disaffirm the contract
answer
Does not change the fact that Phil is bound by the contract
question
Katie buys a car when she is 17. When she is 25, Katie tries to discipline him the contract and recover all her car payments. A court will likely find that the contract was
answer
Ratified and Katie cannot recover her payments
question
Gaye, a minor, signs a contract to buy a motorcycle from high-value cycles by misrepresenting her age is 21. Gaye fails to make the payments. High-value Sue's. In most states, gaye can
answer
Return the motorcycle and avoid further liability
question
Mika, a minor, signs a contract to pay natural health club A monthly fee for 24 months to use its facilities. Six months later, after reaching the age of majority, Michael continues to use the club. This act is
answer
Ratification
question
Intoxicated and not aware of the consequences, uri agrees to a two-year cell phone service contract with wonder talk Inc. At more than the average market price. This contract is
answer
Not enforceable because you're he was intoxicated enough to lack of mental capacity when he agreed to it
