1. Question :
If a minor
does not still have possession of property received under a contract, the
contract cannot be disaffirmed.
True
False
Question 2. Question :
If Agnes
agrees to give $1,000 to her college:
This does not require consideration.
She receives consideration from the college.
The agreement requires all the elements of any
other contract.
The agreement meets all the technical
requirements of ordinary contracts.
Question 3. Question :
Silence never
ratifies a minor’s contracts.
True
False
Question 4. Question :
The fact that
a contract is foolish and would not have been entered into by the party if
sober is sufficient to make the contract voidable.
True
False
Question 5. Question :
May a minor
ratify a contract at any time?
Yes
No
Question 6. Question :
May an adult
recover compensation from a minor who disaffirms a contract and returns
property in damaged condition?
Yes
No
