Takehome Exam

Takehome Exam - Juan Pesantez BusLaw Thursdays 6:30pm...

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Juan Pesantez BusLaw Thursdays 6:30pm Takehome Exam #2 #1 ISSUE: Whether or not can a minor (under 18 years old) disaffirm a lease contract under the lease agreement? RULE: A person is given full legal capacity to enter into contracts when he or she becomes emancipated before reaching the age of majority. Emancipation occurs when a minor’s parents or legal guardians give up their right to exercise legal control over the minor. Often the minor will petition the court for a declaration of emancipation. ANALYSIS: The lease agreement is not valid if a minor entered in it. CONCLUSION: Yes, a minor who has not been emancipated can disaffirm a lease contract because the minor is considered to have a limited capacity to enter in contracts
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such as lease agreements, unless the minor is emancipated with the permission of his or her parents. #2 ISSUE: Whether or not the courts can apply the law of fraudulent misrepresentation of the good sold (house). RULE: A fraudulent misrepresentation is a false representation of a material fact that is consciously false and intended to mislead the other party.
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Takehome Exam - Juan Pesantez BusLaw Thursdays 6:30pm...

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