Chapter $11-$Work Set

True$-$False Questions

When persons reach the age of majority, they can no longer disaffirm a contract.

When a minor disaffirms a contract, whatever the minor transferred as consideration $($or its value$)$ normally

must be returned.

Persons who are so intoxicated as to lack mental capacity when they enter into a contract must perform the

contract.

Emancipation has no effect on a minor's contractual capacity.

If an individual who has not been judged mentally incompetent understands the nature and effect of

entering into a certain contract, the contract is normally valid.

In many states, certain business contracts entered into by minors cannot be disaffirmed.

Some states' statutes restrict minors from avoiding certain contracts, including for necessaries.

Generally, parents are liable for contracts made by their minor children.

In most cases, persons, to disaffirm contracts entered into when they were intoxicated, must return any

consideration received.