Homework Answers
Answer: The contract is only voidable by the insane person.
If one of the parties is insane but is not legally declared as insane, a contract is voidable only by that party/person.
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Which of the following is true of a contract where one of the parties is insane...
True Or False 6. The parental duty of support is terminated if a minor becomes emancipated....
True Or False
6. The parental duty of support is terminated if a minor becomes emancipated. 7. A person who was legally insane at the time of entering a contract is relieved of his or her duties arising the contract. 8. In a contract involving a legally competent person and a person who is possibly incapacitated, the competent party can void the contract at any time. 9. A contract with an intoxicated person is voidable by the party who is...
1. Which of the following is true about a promissory estoppel? A) It is invoked in...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
1. What was the court's decision in Lucy v. Zehmer? a. The claim made by Lucy...
1. What was the court's decision in Lucy v. Zehmer? a. The claim made by Lucy was inconsistent with his attempt to testify in great detail as to what was said and what was done. b. The writing signed by the defendants did not constitute a binding contract of sale between the parties c. At no time prior to the execution of the contract had Zehmer indicated to Lucy by word or act that he was not in earnest about...
Which of the following is true of a sales contract under the UCC? O A. The...
Which of the following is true of a sales contract under the UCC? O A. The courts cannt il any gapg i the contracts. O B. The court needs to find if the parties intended a contract. O C. An intent to contract exists even if the parties were unable to reach an agreement. O D. All terms of contract need to be clear for the court to decide the case.
1. An ambigouis contract can be interpreted according to the plain language of the contract. t/f...
1. An ambigouis contract can be interpreted according to the plain language of the contract. t/f 2. If a person receives a benefit, the law of implied contracts or quasi contract requires that person pay for the benefit. t/f 3. A one way promise can be enforced in court. t/f 4. Generally a contract must state all of its terms. There can be no missing information and reasonable interpretations are not allowed. t/f 5. Prior contracts between parties is a...
check the answers for Question 17&18 called what? D. A toll is a civil wrong committed...
check the answers for Question 17&18
called what? D. A toll is a civil wrong committed against a person or property c. Tort is another term for breach of contract. d. A tort is none of the above. 13. What is a tortfeasor? a. It is the attorney who represents a client in civil court. b. It is a person who commits a felony. c. It is the person who commits a tort. d. It refers to a court's specific...
30.a. What exception is there in the rule that an agreement is illegal if it tends...
30.a. What exception is there in the rule that an agreement is illegal if it tends to compensate a person for the consequences of his own wrongdoing? A) The main exception to this rule is at the level of cancellable contracts. B) The main exception to this rule is in insurance contracts. C) The main exception to this rule is at the level of promises to pay a gambling debt. D) The main exception to this rule is at the...
1. If a legally enforceable contract includes a binding arbitration clause, the parties to the contract...
1. If a legally enforceable contract includes a binding arbitration clause, the parties to the contract under which the dispute arose can go through litigation if one of parties decides to take the dispute to court. True False 2. Veruca Salt, a Michigan resident, buys a used car from Rick's Used Cars, a Michigan business. Two weeks later, the car breaks down, and Veruca learns that it needs a new engine even though she was told the car was in...
1. Which of the following is true about unconscionable contracts? a. A term is substantially unconscionable...
1. Which of the following is true about unconscionable contracts? a. A term is substantially unconscionable if it is imposed upon the weaker party because of inconspicuous print. b. "Unconscionable" is not defined in the Restatement or the UCC. c. Procedural unconscionability arises where the affected terms deprive a party of any real remedy for breach. 2. Which of the following bargains does the court consider illegal? a. Party not equally at fault b. Excusable ignorance c. Contracts interfering with...
Lee and Mary want Nick to replace Lee as a party to their contract. They can...
Lee and Mary want Nick to replace Lee as a party to their contract. They can best accomplish this by agreeing to an accord and satisfaction. an assignment. a novation. a nullification. Which of the following is a true statement? In a limited liability company in the U.S., members cannot participate in management. In a limited liability company in the U.S. members must participate in management. The typical state limited liability company (LLC) statute in the U.S. would provide that...
True Or False
6. The parental duty of support is terminated if a minor becomes emancipated. 7. A person who was legally insane at the time of entering a contract is relieved of his or her duties arising the contract. 8. In a contract involving a legally competent person and a person who is possibly incapacitated, the competent party can void the contract at any time. 9. A contract with an intoxicated person is voidable by the party who is...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
Which of the following is true of a sales contract under the UCC? O A. The courts cannt il any gapg i the contracts. O B. The court needs to find if the parties intended a contract. O C. An intent to contract exists even if the parties were unable to reach an agreement. O D. All terms of contract need to be clear for the court to decide the case.
check the answers for Question 17&18
called what? D. A toll is a civil wrong committed against a person or property c. Tort is another term for breach of contract. d. A tort is none of the above. 13. What is a tortfeasor? a. It is the attorney who represents a client in civil court. b. It is a person who commits a felony. c. It is the person who commits a tort. d. It refers to a court's specific...
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