D lose because the contract is voidable by ryan

This preview shows page 10 - 13 out of 19 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Anderson's Business Law and the Legal Environment, Standard Volume
The document you are viewing contains questions related to this textbook.
Chapter 28 / Exercise 1
Anderson's Business Law and the Legal Environment, Standard Volume
Jennings/Twomey
Expert Verified
d. lose, because the contract is voidable by Ryan.
ANSWER:POINTS:DIFFICULTY:d1Difficulty:EasyNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BB-LegalTOPICS: KEYWORDS:A-Head: CapacityBloom's: Comprehension26. Ron, a minor, goes to the hospital for treatment of the flu. On the new-patient form Ron signs, he agrees to pay forany care or treatment he receives. When billed for the treatment:
ANSWER:POINTS:DIFFICULTY:a1Difficulty:EasyNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BB-LegalTOPICS: KEYWORDS:A-Head: CapacityBloom's: Comprehension
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Anderson's Business Law and the Legal Environment, Standard Volume
The document you are viewing contains questions related to this textbook.
Chapter 28 / Exercise 1
Anderson's Business Law and the Legal Environment, Standard Volume
Jennings/Twomey
Expert Verified
27. Mentally infmned Sasha contracts to purchase a piano for $2,500 in 60 monthly installment payments. Six months later she tries to void the contract on grounds of mental impairment. A court will:
bPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: Analytic STATE STANDARDS: United States- NC- AICPA: BB-Legal TOPICS: A-Head: CapacityKEYWORDS: Bloom's: Application28. Peter, a minor, purchased a car from ACME Motors. Using a fake ID, he misrepresented his age to be 18. contract is fully executed. Which of the following is correct?The
dPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BB-LegalTOPICS: KEYWORDS:A-Head: CapacityBloom's: Application
29. Generally, a seller has no duty to disclose facts. However, there is a duty to disclose information or facts if thedisclosure is necessary to:a. correct a previous assertion.b. correct a basic mistaken assumption on which the other party is relying.c. report a latent defect that the buyer would not be expected to discover.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture