Ch. 14

Question 0

Disaffirmance

Answer 0

Releases the minor from any liability on the contract

Question 1

Minor

Answer 1

A person who has not attained the age of legal majority

Question 2

Ratification can occur in 3 ways:

Answer 2

1. ) Express language
2. ) Implied from conduct
3. ) Failure to make a timely disaffirmance

Question 3

Necessaries

Answer 3

Things, such as food, shelter, medicine, and clothing, that supply his personal needs

Question 4

If a person is under Guardianship by court order, her contracts are _______.

Answer 4

Void and of no legal effect

Question 5

If a person lacks mental capacity, or is mentally incompetent, the contract is _______.

Answer 5

Voidable