Cengage Advantage Books Business Law Text And Exercises 6th Edition By Miller – Test Bank

TRUE/FALSE QUESTIONS

1. The age of majority in most states is sixteen years.

ANSWER: F PAGE: 138 TYPE: =
NAT: AACSB Analytic AICPA Legal

2. Some states provide for the termination of minority status on marriage.

ANSWER: T PAGE: 138 TYPE: =
NAT: AACSB Analytic AICPA Legal

3. An adult may avoid any contract with a minor.

ANSWER: F PAGE: 138 TYPE: +
NAT: AACSB Analytic AICPA Legal

4. Contractual capacity refers to the legal ability to enter into a contract.

ANSWER: T PAGE: 138 TYPE: N
NAT: AACSB Analytic AICPA Legal

5. A minor may disaffirm a contract only before attaining the age of majority.

ANSWER: F PAGE: 139 TYPE: +
NAT: AACSB Reflective AICPA Legal

6. A minor may disaffirm a contract only if the subject matter is illegal.

ANSWER: F PAGE: 139 TYPE: N
NAT: AACSB Reflective AICPA Legal

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

ANSWER: F PAGE: 139 TYPE: N
NAT: AACSB Analytic AICPA Legal

8. If a minor disaffirms a contract, he or she must disaffirm the entire contract.

ANSWER: T PAGE: 139 TYPE: =
NAT: AACSB Analytic AICPA Legal

9. A minor may disaffirm a contract entered into with an adult.

ANSWER: T PAGE: 139 TYPE: =
NAT: AACSB Analytic AICPA Legal

10. Disaffirmance is the release of a minor by his or her parents.

ANSWER: F PAGE: 139 TYPE: N
NAT: AACSB Analytic AICPA Legal

11. When a minor disaffirms a contract, he or she can keep whatever he or she has received as a result of the contract without paying for it.

ANSWER: F PAGE: 139 TYPE: =
NAT: AACSB Analytic AICPA Legal