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Review Chapter 7
Test Description: Capacity to Contract
Instructions: Answer all questions to get your test result.
1) When a person reaches the age of ___ he or she is no longer a minor.
A
competency
B
majority
C
infancy
D
plurality
2) When a minor attempts to get our of a contract, he or she is said to have attempted to rescind or ___ the contract.
A
ratify
B
avoid
C
complete
D
emancipate
3) Minors are held for the ____ necessaries.
A
exact value
B
fair value
C
decreased value
D
extraordinary value
4) A guardian is said to look after the affairs of a(n)
A
fiduciary person
B
young person
C
legal person
D
incompetetent person
5) Incompetent persons lack the ____ to contract.
A
capacity
B
intelligence
C
reason
D
desire
6) A person who has not reached the age of majority is a(an)
A
idiot
B
adult
C
minor
D
major
7) A person who is living in this country but who owes allegaince to another country is called a(an)
A
alien
B
martian
C
adult
D
minor
8) Minors may rafify or _____ their contracts if they so choose.
A
blow up
B
approve
C
legislate
D
complement
9) A person actually reaches their majority
A
on Mrs. Landherr's birthday
B
on their birthday
C
on the day before their birthday
D
on the day after their birthday
10) A minor will be held responsible for his or her own contract in which situation?
A
Their parents kicked them out of their house and they signed a 1 year lease on an apartment.
B
They ran away from home without their parents' permission and signed a 1 year lease on an apartment.
C
They bought presciption medication and still live at home with their parents.
D
They bought a new winter coat and still live at home with their parents.
*select an answer for all questions
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