Chapter10_Answers - Chapter 10 Assessment Answers Matching...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 10 Assessment Answers Matching Key Terms 1. i 4. f 7. b 10. a 2. j 5. e 8. d 3. h 6. g 9. c True/False Quiz 11. F 14. F 17. T 20. T 23. F 12. T 15. T 18. F 21. T 24. T 13. F 16. F 19. T 22. F 25. T Discussion Questions 26. The law defines the age of majority as the age at which a person can enter into binding contracts, including marriage. 27. Once a minor reaches legal age, a contract must be either ratified or disaffirmed. If a reasonable period of time passes after a minor reaches legal age and he or she has said nothing about disaffirming the contract, it is considered ratified in the eyes of the law. 28. While a minor is held legally responsible for injuring a person or damaging property, a court would take into account the fact that the injury or damage was accidental, exposing the minor to liability for a tort, and not a crime. 29. When a minor’s contract is ratified or disaffirmed, the entire contract must be ratified or disaffirmed, not merely a part of it. 30.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/23/2010 for the course FINA 8645 taught by Professor Smith during the Spring '10 term at Rensselaer Polytechnic Institute.

Page1 / 3

Chapter10_Answers - Chapter 10 Assessment Answers Matching...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online