Question: 6. What is the earliest point in time when a minor attains legal capacity to contract? Answers: A. 12:01:01AM on his/her 18th birthday B. 12

6. What is the earliest point in time when a minor attains legal capacity to contract? Answers: A. 12:01:01AM on his/her 18th birthday B. 12 Noon on his/her 18th birthday C. 12:01:01AM on his/her 21st birthday D. 12 Noon on his/her 21st birthday.

7. Which of the following would not be considered a "necessary" for the purposes of an emancipated minor's liability for the portion used? Answers: A. Clothing B. Food C. Shelter D. Cell phone

8. Someone suffering from a chronic serious mental illness may enter into an enforceable contract when? Answers: A. During a lucid moment B. Immediately after seeing their mental health professional provider. C. After stopping their medications because they feel better. D. Can never enter into an enforceable contract.

9. Contracts where at least one party lacks capacity when the contract is made renders the contract what? Answers: A. Void B. Voidable C. Moot D. Suspended

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Since the early 1970s, the U.S. government has had a program called the Earned Income Tax Credit (previously mentioned in end-of-chapter exercises in Chapter 3.) A simplified version of this program...

BUSINESS LAW I FINAL EXAMINATION/Winter 2021 Section I. TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each...

1. QUESTION 1 Mabel entered into a contract on her 17th birthday to buy a piano. She agreed to pay for the piano in 36 equal monthly instalments. Which one of the following is correct? a If Mabel had...

Section I. TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each correct response is worth two (2) points. 1....

Can i get help with my practice exam? I wanna compare it to mine but i have nobody to do it with. Practice quiz for final Question 1 (2 points) What are the two main goals of estate planning?...

A Summary of the Case Page 1 of 13 REPUBLIC OF TRINIDAD AND TOBAGO IN THE COURT OF APPEAL PORT OF SPAIN CA No. 207 of 1997 BETWEEN TRANSPORT AND INDUSTRIAL WORKERS UNION Appellant NATIONAL...

Table 3 Earliest Delivery Date Using the data from Table 1 complete Table 3 using the Earliest Delivery Date technique Task Processing Time Day due from Today Flow time Tardiness Lateness 6. Average...

Problem 13-05 Consider the Western Hills Shopping Center Project summarized by the below figure and table. Suppose the project has been underway for seven weeks. Activities A and E have been...

Consider the Western Hills Shopping Center Project summarized by the below figure and table. Suppose the project has been underway for seven weeks. Activities A and E have been completed. Activity F...

MANAGEMENT SCIENCE 2022 Colonial State College is considering building a new multipurpose athletic complex on campus. The complex would provide a new gymnasium for intercollegiate basketball games,...

A compound (C4H6) has two signals of approximately equal intensity in its 13C NMR spectrum; one is a CH2 carbon at 30.2 ppm, the other a CH at 136 ppm. Identify the compound.

Describe two different types of investors interested in bonds as an investment.

When disclosing the impact of a retrospective adjustment for the change from LIFO to FIFO in Year 7 , which of the following impacts is not expected to be reported in the comparative financial...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...