Chapter 9 - Law For Personal and Business Use

Designated legal parties ________ disaffirm contracts made prior to incapacitation.

When is a person typically considered to have reached the age of majority?

A person who does not understand the terms of a contract are said to be lacking ______ _______.

Minors' contracts are ____________.

What are minors always responsible for when engaging in a contractual transaction?

Which of the following are classified as necessaries?

What is disaffirmance?

The __________ of a person to understand the conditions and consequences of a contract.

Ratification of a contract can never occur before the _________ _____ ___________.

Which of the following is an example of a contract that a minor cannot disaffirm?

How are laws designed to protect minors when entering contracts?

A minor cannot disaffirm a contract for a good or service that is not a necessary. T/F?

Early emancipation can occur either __________ or ___________.

A person who has 'scope of authority' is able to do what?

The use of which of the following can/will lead to an individual becoming intoxicated.

Can someone who was intoxicated when agreeing to a contract disaffirm the contract?

Which of the following is an example of someone who could be deemed as incapacitated?

What is a necessary?

What does it mean to ratify something?

A(n) __________ _________ makes purchases on an organization or business' behalf.

Someone who has not yet reached the age or point of majority (maturity).

When a child is told to leave home after giving birth an example of informal emancipation?

What does emancipation mean in relation to contractual capacity?

States greatly _______ in their treatment of emancipated minors.

The opposite of majority, what point of life is a minor considered to be in?

Under contractual protection, is it required to inform the individual of the contract's terms?