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Intoxicated but fully aware of the consequences, Uri agrees to a two-year cell-phone service contract with Wander Talk, Inc., at more than the average market price. This contract is
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
Olga, a minor, signs a contract to buy a computer from Phil, the owner of Quality Computer Store. Olga’s right to disaffirm the contract
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
Fay is mentally incompetent but has not been so adjudged by a court. Any contract Fay enters into is
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
Max, an adult, enters into a transaction with Miller Trucking. Later evidence shows the Miller Trucking charged a rate three times the usual rate. This contract could fall into what category?
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
On Tim’s eighteenth birthday, he decides that he no longer wants to keep a car he bought from Woody’s Autos, Inc., when he was seventeen. His right to disaffirm the deal will depend on
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
Fernando obtains a consumer loan from Greater Regional Credit Union at an interest rate that exceeds the state’s maximum. Greater Regional has
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
Jacquie suffers from severe depression and often times cannot make sound decisions based on her mental state. Jacquie enters into a contract during a lucid state of mind which grants her clarity. This contract is…
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
Cross-Country Trucking Company contracts with Baldwin to transport crated goods to a certain destination for $5,000. Cross-Country delivers the crates, but Baldwin does not pay. Cross-Country learns that the crates contained stolen goods. Cross-Count
recover $5,000 from Baldwin
enforceable
unconscionable
enforceable
does not change the fact that Phil is bound by the contract
committed usury
whether Tim acts within a reasonable period of time
voidable if Fay lacks the capacity to comprehend the consequences.
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