Contracts, Capacity, and Consideration

Contracts, Capacity, and Consideration

9th - 12th Grade

38 Qs

quiz-placeholder

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Contracts, Capacity, and Consideration

Contracts, Capacity, and Consideration

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

Created by

Jenny Tetto

Used 2+ times

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38 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Capacity is the legal ability to enter into a _____ and be held to it.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Person's ability to satisfy the elements required for someone to enter binding contracts

Consideration

Capacity

Mutual Assent

Offer and Acceptance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In regards to contracts, the age of majoirty is

16

18

20

21

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a minor enters a contract, the contract is considered to be __.

valid

void

voidable

unilateral

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cassie will reach the age of majoirty

the day of her 18th birthday.

the day after her 18th birthday.

the day before her 18th birthday.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An emancipated minor has the same legal protection to avoid a contract as a minor that is still under the control of a parent.

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true reagarding a minor disaffirming a contract for merchandise purchased?

If damaged, they may not disaffirm the contract.

They must offer to return the merchandise regardless of the condition of the merchandise.

A minor may not disaffirm a conract for merchandise.

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