Business Law Ch 13 Part I

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A contract is void if one of the parties was intoxicated at the time of its formation.

The age of majority in most states is eighteen years.

All contracts between adults and minors are void.

A contract to do something that is prohibited by statutory law is void.

The lack of an opportunity to read a contract may be unconscionable.

A contract to commit a crime is a contract and therefore enforceable.

If an illegal contract is executory, either party can enforce it.

A minor’s right to disaffirm a contract terminates sixty days after the contract’s date.