BLAW 212 ACTUAL EXAM QUESTIONS WITH ALL CORRECT ANSWERS GRADED A+
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BLAW 212
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BLAW 212
BLAW 212 ACTUAL EXAM QUESTIONS WITH ALL CORRECT ANSWERS GRADED A+
Cheryl, age 16, ordered a new dress to wear to the school prom. She has contracted to pay $500 when the dress arrives. Before the dress arrives, Cheryl decides that the dress is too expensive and now wishes to cancel the order.
a...
BLAW 212 ACTUAL EXAM
QUESTIONS WITH ALL CORRECT
ANSWERS GRADED A+
Cheryl, age 16, ordered a new dress to wear to the school prom. She has contracted to
pay $500 when the dress arrives. Before the dress arrives, Cheryl decides that the
dress is too expensive and now wishes to cancel the order.
a.
Cheryl must pay $500 for the dress because the dress was specially ordered for Cheryl.
b.
Cheryl must pay $500 for the dress because clothing is classified as a necessity.
c.
Cheryl may disaffirm this executory contract.
d.
Cheryl must accept the dress and pay the reasonable value of the dress. - Answer-
Cheryl may disaffirm this executory contract.
Wanda at age 17 purchased an expensive stereo system from Stereo Sales. If Wanda
wishes to ratify this contract, Wanda:
a.
must reach the age of majority and ratify the contract as a whole.
b.
may do so by express notification at any time before reaching the age of majority.
c.
may at any time keep the stereo but avoid any remaining debt owed on the stereo.
d.
may do so at any time by express or implied action before or after reaching the age of
majority. - Answer-must reach the age of majority and ratify the contract as a whole.
Donald, a minor, makes a contract with Albert, an adult, to buy a computer. One week
later, Donald has his eighteenth birthday and shortly thereafter tells Albert he will pick
up the computer next week.
a.
Donald has expressly ratified the contract.
b.
The contract must be renegotiated, because Donald was a minor when it was made.
c.
Donald can change his mind and avoid the contract, because it was made when he was
a minor.
d.
The contract is void ab initio, because Donald was a minor at the time it was made -
Answer-Donald has expressly ratified the contract.
, A thirty-year-old woman who, because of intoxication, is unable to understand the
nature and consequences of signing the contract.
d.
A twenty-five-year-old woman who is unable to understand the nature and effect of
signing a contract because of a mental illness. - Answer-A thirty-six-year-old man under
a court-ordered guardianship for mental incompetency.
When a minor falsely advises the other party that he is of the age of majority and based
upon that misrepresentation, the other party in good faith enters into a contract with the
minor:
a.
the minor has lost his right to disaffirm the contract because of the misrepresentation.
b.
the adult party can recover damages from the minor in tort.
c.
the minor is required to restore the other party to the position occupied before the
making of the contract.
d.
There is no uniform rule. States differ, and depending upon the state, any of the above
could be correct. - Answer-There is no uniform rule. States differ, and depending upon
the state, any of the above could be correct.
Which of the following is correct regarding the contractual liability of incompetent
persons?
a.
An incompetent person's responsibility upon disaffirmance is the same as for a minor.
b.
For executed, fair contracts with a mentally incompetent person who understands but
cannot control his behavior to act rationally, the incompetent must restore the
competent party to the status quo before the transaction by a return of the consideration
received or its equivalent in money.
c.
The contracts of a person under guardianship by court order are voidable.
d.
The contracts of a ward are binding without the approval of the guardian. - Answer-For
executed, fair contracts with a mentally incompetent person who understands but
cannot control his behavior to act rationally, the incompetent must restore the
competent party to the status quo before the transaction by a return of the consideration
received or its equivalent in money.
In most states, whether the time within which a minor disaffirms a contract constitutes a
reasonable time is determined by:
a.
state statute.
b.
the UCC.
c.
the facts and circumstances of the case.
d.
common law, without regard to the unique facts of the case at hand. - Answer-the facts
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