Silence never ratifies a minor's contracts. True False

1.    Question :    Silence never ratifies a minor's contracts.

                True

                False

                

     Points Received:    1 of 1

   

Question 2.       If a minor does not still have possession of property received under a contract, the contract cannot be disaffirmed.

                True

                False

               

     Points Received:    1 of 1

      

Question 3.      A person formally adjudicated incompetent cannot make a valid contract.

               True

               False

               

     Points Received:    1 of 1

       

Question 4.        Which of the following is sufficient and valid consideration?

               Performing or promising to perform what one is already obligated to do.

               Refraining from doing or promising to refrain from doing what one has no right to do.

               Past performance.

                Accepting a secured note in discharge of an unsecured note for a greater amount.

     Points Received:    1 of 1

    

Question 5.        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.

     Points Received:    1 of 1

  

Question 6.      If two minors enter into a contract, each has the right to avoid it.

               True

               False

               

     Points Received:    1 of 1

   

                                        

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