The key time for determining whether a party lacked contractual capacity is:

Question 1 options:

	a) the time the contract was made.
	b) the time the value of the bargain becomes clear.
	c) the time the performance comes due.
	d) the time the plaintiff expresses dissatisfaction with the contract terms.
	e) the time the other party learns of the incapacity

Question 2

The maximum amount of time that a minor has to disaffirm a contract is:

Question 2 options:

	a) one year from the date of the agreement.
	b) 30 days from learning of his or her right to disaffirm.
	c) the age of majority.
	d) a reasonable period of time after reaching the legal age.
	e) one year from reaching the age of majority.

Question 3

All of the following statements refer to an element of fraud except:

Question 3 options:

	a) the defendant made a false statement.
	b) the defendant desired to obtain a financial benefit.
	c) the defendant knew that thestatement was false or was recklessly indifferent regarding its truth.
	d) the defendant intended that the other party would rely on the false statement of the defendant.

Question 4

Agreements that are illegal are:

Question 4 options:

	a) enforceable if one party acted in good faith.
	b) voidable by one of the parties.
	c) voidable by eitherparty.
	d) void.