Questions from Business Law

Q: When is consideration legally sufficient?

When is consideration legally sufficient?

Q: What is the minor’s right to disaffirm a contract?

What is the minor’s right to disaffirm a contract?

Q: In what situation is a contract made by a mentally incompetent person

In what situation is a contract made by a mentally incompetent person valid?

Q: What is a minor’s obligation on disaffirmance?

What is a minor’s obligation on disaffirmance?

Q: What effect does a minor’s misrepresentation of age have on his or

What effect does a minor’s misrepresentation of age have on his or her right to disaffirm?

Q: What effect does contracting for necessaries have on a minor’s right to

What effect does contracting for necessaries have on a minor’s right to disaffirm?

Q: How does ratification affect minors’ contracts?

How does ratification affect minors’ contracts?

Q: 1. When are parents liable for their minor children’s contracts?

1. When are parents liable for their minor children’s contracts? 2. How does emancipation affect a minor’s capacity to contract?

Q: In what situation can a party to an illegal contract enforce it

In what situation can a party to an illegal contract enforce it against the other party?

Q: What effect does intoxication have on persons’ contractual capacity?

What effect does intoxication have on persons’ contractual capacity?