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BLAW 341 Final Exam Questions and Answers 100% Solved | Graded A+
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BLAW 341 Final Exam Questions and Answers 100% Solved | Graded A+ Capacity to Form a Contract - Exceptions to Minor's Disaffirmance of a Contract (4 parts) - 1. Marriage Contracts, Contracts to Enter into Armed Services 2. Misrepresentation of Age 3. Contracts for Necessaries, Insurance, and ...

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  • December 21, 2024
  • 42
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • BLAW 341
  • BLAW 341

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BLAW 341 Final Exam Questions and

Answers 100% Solved | Graded A+


Capacity to Form a Contract - Exceptions to Minor's Disaffirmance of a

Contract (4 parts) - ✔✔1. Marriage Contracts, Contracts to Enter into

Armed Services

2. Misrepresentation of Age

3. Contracts for Necessaries, Insurance, and Loans

4. Ratification of Contracts

Capacity to Form a Contract - Exception for Necessaries of Life -

Necessaries definition and purpose - ✔✔1. Minor who disaffirm are

obligated to pay reasonable value of necessaries

2. Necessaries: things that guardians/parents are supposed to provide for

minors (food, clothing, shelter, medical/educational services, tools of trade)

Capacity to Form a Contract - Exception for Necessaries of Life - Minor

Pays Contracting Adult Part if.. (3 parts) - ✔✔1. Minor is not under care of

parent or guardian who should provide the necessaries of life

2. Contract item is necessary for minor existence


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,3. Items value commensurate with minors social standing and lifestyle

Capacity to Form a Contract - Minors Ratification of Contract (3 parts) -

✔✔1. The act of a minor after reaching the age of 18, whereby he accepts

a contract entered into when he was a minor

2. Types of act that indicate a minor has accepted the contract (Express

Conduct: written or oral words) (Implied Conduct: actions or continued

performance)

3. Minors right to disaffirm is lost upon ratification

Capacity to Form a Contract - Minors Ratification of Contract - Example

with Amy's computer - ✔✔- Amy is 17 years old

- Jan. 2016 - signs installment contract for computer and must pay

$100/month for 12 months.

- Amy turns 18 on February 28th

- Amy skips payment for November then calls computer store and tells

them she wants to disaffirm contract

- Is she permitted to disaffirm contract in Nov 2016? May the Computer

store obtain the entire contract price of $1200?

Capacity to Form a Contract - Minor Ratification of Contract - Example with

Amy Computer Outcome - ✔✔- Amy cannot disaffirm because she is 18

and past the infancy period rule.
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,-Infancy Period Rule: she has been 18 for over 6 months and is no longer

considered a minor

- Also, implied conduct since she continued to pay payments until

november

- Computer store CAN obtain contract amount of $1200

Capacity to Form a Contract - Parental Liability for Minor Children's

Contracts (3 parts + emancipation definition) - ✔✔1. Parents are not liable

for contracts made by minor children acting on his/her own

2. Emancipation: when a minor is no longer under the care of his/her

parents/guardians

3. Parents of non-emancipated minors are liable for contracts for

necessaries

Capacity to Form a Contract - Intoxication (4 parts) - ✔✔1. Contracts can

either be voidable or valid (enforceable)

2. Voidable only if person was so intoxicated when the contract was

entered into that he was incapable of understanding the nature of the

transaction

3. Courts look at objective indications to determine if contract is voidable

(look to see if person was drunk at formation of contract)



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, 4. If voidable: 1. person has the option to disaffirm or 2. person may ratify

the contract expressly or impliedly

Capacity to Form a Contract - Mentally Incompetent Persons (3 parts) -

✔✔1. Void Contract: the person has been found mentally incompetent by a

court of law and a guardian has been appointed

2. Voidable Contract: person is mentally incompetent and does not know

he is entering into contract or lacks mental capacity to comprehend its

nature, purpose, consequences (voidable by incompetent)

3. Valid Contract: Mentally incompetent person is able to understand the

nature and effect of entering into contract at time contract was made yet

lack capacity to engage in other activities (contract enforceable if entered

into during lucid period)

Capacity to Form a Contract - Mentally Incompetent - Example with Sam

and head trauma - ✔✔- Sam suffered head trauma in car accident

- Sam has been found mentally incompetent and a guarding has been

appointed for him

- Mailman says "let me have your car for $1" and Sam agrees

- Mailmain drafts contract on back of letter and Sams signs it

-Mailman jumps into car and drives away, Sam becomes upset and calls

police

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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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