QUESTION 2

1. When a minor decides to disaffirm her contract:

   	A.	In some states, the minor must return any consideration she received under the contract and reimburse the other side for any damage or depreciation.
   	B.	The parties' relationship will be canceled when neither side has yet performed their part of the contract.
   	C.	In some states, the minor is not obligated to pay the other side when she cannot fully return the consideration.
   	D.	All of these choices are correct.

2. QUESTION 3

3. If you knowingly sign an exculpatory clause (or liability waiver), courts will always enforce it.

   True

   False

4. QUESTION 4

5. Joe and Ed each own a furniture store in North Syracuse, and their businesses are in competition with one another. Select the best answer from the following:

   	A.	If Joe and Ed enter into an agreement not to sell furniture to the other's existing customers, the agreement would be unenforceable.
   	B.	If Joe buys Ed's furniture store and part of the sales contract specified that Ed would not open another furniture store in North Syracuse for 2 years, the agreement would be unenforceable.
   	C.	If Joe has all his sales people sign an agreement that they will not sell furniture in New York State for 5 years after leaving their employment with Joe, the agreement would be unenforceable.
   	D.	A & C are correct, but B is incorrect

This is for BUS LAW I, chapter 14, 15