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| 1 | |
Jill, age 16, purchases a $500 video game playing center. She may not disaffirm after opening and using the equipment and games. |
| | A) | True. |
| | B) | False. |
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| 2 | |
All states except Louisiana have fixed the age of majority to eighteen. |
| | A) | True |
| | B) | False |
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| 3 | |
In some states, Jack legally becomes an adult on the day before his eighteenth birthday. |
| | A) | True |
| | B) | False |
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| 4 | |
An emancipated minor has not abandoned the usual legal protections provided him or her. |
| | A) | True |
| | B) | False |
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| 5 | |
Only a minority of states prohibit a minor who has misrepresented his or her age from disaffirming a contract. |
| | A) | True |
| | B) | False |
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| 6 | |
An adult who contracts with a minor may not disaffirm the contract. |
| | A) | True |
| | B) | False |
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| 7 | |
Cam Brel, a 16-year old resident of Alaska, orders a $300 winter coat in July. In August, before the coast has been delivered, she may not disaffirm the contract. |
| | A) | True |
| | B) | False |
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| 8 | |
Richard, age 16, sells his stamp collection to Stamp Unlimited, Inc. who in turn resells the collection to a collector. Richard may not recover the stamps when disaffirming the sale. |
| | A) | True |
| | B) | False |
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| 9 | |
Olson, age 35, has been declared insane and had a guardian appointed. Olson's contracts are voidable. |
| | A) | True |
| | B) | False |
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| 10 | |
Patricia was drunk when she agreed to sell her dog Dusty to Marcos. Patricia may affirm the contract when sober. |
| | A) | True. |
| | B) | False. |
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