Business Law Chapter 16 1 what was the result in the case opener in which customers of apple

subject Type Homework Help
subject Pages 14
subject Words 1867
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
1.
(p. 361)
Today, married women have been removed from the category of those lacking contractual
capacity, although in a few states their capacity to enter into certain kinds of contracts is still
limited.
2.
(p. 361)
Both a minor and the adult with whom the minor contracted may disaffirm a contract
based upon the minor's lack of majority.
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3.
(p. 364)
In all states parents are responsible for the torts of their minor children.
4.
(p. 364)
As a general rule, parents are not liable for contracts entered into by their minor children.
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5.
(p. 365)
If a person's mental deficiencies have resulted in his being adjudicated insane and a
guardian has been appointed for him, he has no capacity to enter into contracts; and any contract
he attempts to enter into is void.
6.
(p. 366)
For purposes of determining capacity, intoxicated persons include those under the
influence of alcohol, but not drugs.
page-pf4
7.
(p. 367)
A contract of an intoxicated person for necessaries will be enforced for the reasonable
value of the necessaries.
8.
(p. 368)
A contract overturned due to having illegal subject matter or for being illegal to perform is
generally declared voidable.
page-pf5
9.
(p. 378)
All exculpatory clauses are unlawful.
10.
(p. 378)
In the law when both parties are equally responsible for an illegal agreement, it is known
as
in pari delicto
.
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11.
(p. 380)
What was the result in the Case Opener in which customers of Apple attempted to
disaffirm purchases of game currency by their children?
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12.
(p. 370)
Which of the following was the result on appeal in
King v. Riedl
, the case in the text in
which the plaintiffs claimed that the defendant lacked the right to proceed against them for sums
allegedly owed because the contractor was not licensed as a residential home builder as required
by state law?
page-pf8
13.
(p. 377)
Which of the following was the result on appeal in
Eric Lucier and Karen Haley v. Angela
and James Williams, Cambridge Associates LTD., and Al Vasys
, the case in the text in which,
after finding significant problems with their roof, the plaintiffs claimed that provisions in a home
inspection contract illegally limited the liability of the defendants?
page-pf9
14.
(p. 379)
What did the U.S. Supreme Court rule in
Buckeye Check Cashing Inc., v. Cardegnaet
, the
case in the text involving whether the court or the arbitrator should determine decide the issues
of a case when illegality in relation to a contract is claimed?
page-pfa
15.
(p. 361)
Which of the following is an element of a legally binding contract?
page-pfb
16.
(p. 361)
A person who has legal ______ to contract is one who has the mental ability to
understand his or her rights and obligations under a contract and, therefore, will presumably be
able to understand how to comply with the terms of the agreement.
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17.
(p. 361)
Which of the following is some sort of mental or physical defect that prevents a person
from being able to enter into a legally binding contract?
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18.
(p. 361)
In most states a person is given full legal capacity to enter into contracts when he or she
becomes ______ before reaching the age of majority.
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19.
(p. 361)
Which of the following occurs when a minor's parents or legal guardians give up their
right to exercise legal control over the minor, typically when the minor moves out of the parents'
house and begins supporting himself or herself?
page-pff
20.
(p. 361)
In most cases, when a minor marries, she or he is considered ____.
21.
(p. 361)
Because their contracts are ____, minors have the right, until a reasonable time after
reaching the age of majority, to _____ or void their contracts.
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22.
(p. 362)
Which of the following is the age of majority in regard to the right to contract in Great
Britain?
page-pf11
23.
(p. 362)
Which of the following is true regarding the obligation of a minor on disaffirmance?
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24.
(p. 362)
When must a disaffirmance of a contract based on minority occur?
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25.
(p. 363)
As a general rule, most states will not allow a minor to disaffirm contracts for which of
the following?
page-pf14
26.
(p. 363)
Which of the following is the majority rule regarding a minor's misrepresentation of his or
her age?

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