CHAPTER 12 self test - CHAPTER 12 T/F SELF TEST True/False...

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CHAPTER 12 T/F SELF TEST True/False Indicate whether the sentence or statement is true or false. T 1. When both parties to a contract are minors, neither of them may disaffirm the contract. ANSWER: T 2. The right to disaffirm a contract that a person enters into when he or she is a minor terminates automatically when the person reaches the age of majority. ANSWER: T 3. A minor can disaffirm a contract only after reaching the age of majority. ANSWER: T 4. A minor may disaffirm a contract entered into with an adult. ANSWER: F NOTES: REF: p. 240 F NOTES: REF: p. 241 F NOTES: REF: p. 241
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5. Some states impose a duty on a minor who disaffirms a contract to restore the adult party to the position that he or she held before the contract was made. ANSWER: T 6. A minor who affirmatively misrepresents himself or herself to be an adult will not be able to disaffirm a contract in most states. ANSWER: T 7. Food, clothing, and shelter are the only things that the courts have been willing to define as being "necessaries." ANSWER: T 8. A minor normally is permitted to disaffirm a contract for the purchase of necessaries but remains liable for the reasonable value of the goods. ANSWER:
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CHAPTER 12 self test - CHAPTER 12 T/F SELF TEST True/False...

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