b. failing to disaffirm the the contract within a reasonable time after Tom reaches the age of majority.c. ratifying the contract before Tom reaches the age of majority.d. impliedly ratifying the contract after Tom reaches the age of majority. - c. ratifying the contract before Tom reaches the age of majority.While intoxicated, Konrad agrees to sell his warehouse for half its assessed value. The contract isa. enforceable even if Konrad did not understand its legal consequencesb. enforceable only if Konrad understood its legal consequencesc. unenforceable because it obviously favors the buyer.d. unenforceable under any circumstances. - b. enforceable only if Konrad understood its legal consequences
Vincenzo is adjudged mentally incompetent. Sophia is appointed to act as Vincenzo's guardian. Vincenzo signs a contract to sell his house. The contractisa. enforceable if Vincenzo comprehended the consequences.b. enforceable if Vincenzo knew he was entering into a contract.c. enforceable if the house was entirely paid for.d. void. - d. void.Ewa, a sixteen-year-old minor, buys a car from Downtown Autos and wrecks it. To disaffirm the contract and satisfy a duty of restitution, Ewa musta. return the car without paying for the damage.b. pay for the damage without returning the car.c. return the car and pay for the damage.d. keep the car and not pay for the damage. - c. return the car and pay for the damage.Bosley bets Finster on the outcome of the SuperBowl. Gambling on sports events is illegal in their state. Before the game is over, Bosley's attempt to withdraw from the bet isa. invalid if it comes in the second half.b. invalid unless Bosley's team was ahead at the time of the withdrawal.c. invalid without Finster's consent.d. valid. - d. valid.Jaime sells his business to Isabella and, as part of the agreement, promises not to engage in a business of the same kind within thirty miles for one year. This promise isa. an unreasonable restraint of trade.b. unreasonable in terms of geographic area and time.c. unreasonable in terms of Isabella's "goodwill" and "reputation."
d. valid and enforceable. - d. valid and enforceable.Luke is an unlicensed contractor in a state that requires a license to protect the public from unauthorized contractors. Kirkpatrick hires Luke to build an office building. This contract isa. enforceable only after Kirkpatrick learns of Luke's status.b. enforceable only before Kirkpatrick learns of Luke's status.c. enforceable only if no problems arise.d. unenforceable. - d. unenforceable.Franz signs a covenant not to compete with his employer, Gifts 'n More Corporation. This covenant is enforceable if ita. is not ancillary to the sale of a business.b. is reasonable in terms of geographic area and time.c. is supported by consideration.
- Fall '18
- B., c.