Question: 18-24 true or false only no explanation 18. A gratuitous promise is a gift and is enforceable in a court of law because they are
18-24 true or false only no explanation
18. A gratuitous promise is a gift and is enforceable in a court of law because they are considered to have moral consideration even though someone makes a promise without requiring some benefit in return. F T 19. A contract with a minor can be ratified/approved by the minor from the time up to the minor becomes an adult or a reasonable time after the minor has reached the age of majority. TF 1 20. Upon reaching the age of majority, contract law provides that a minor must ratify an earlier contract entered into while a minor - in writing and no later than 6 months after reaching the age of majority. T F 21. Normal mentality for purposes of determining competency or the capacity to contract under contract law means that both and all parties to a contract must have a sufficient understanding that they are getting themselves into the seriousness of a contract. TF 22. The law allows minors to cancel contracts they get into with the exception of contracts for necessaries, i.e. food, clothing, medical care, lodging provided to the minor by an adult. TF 23. A valid contract can be entirely handwritten. TF .24. An agreement that can be completed within six (6) months must be in writing in order to be enforced pursuant to the Statute of Frauds. TF
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