Solution-When and how may a minor ratify a voidable contract

When and how may a minor ratify a voidable contract

Assignment Help Business Law and Ethics

Reference no: EM131094359

1. If minors engage in a business in the same manner as persons having legal capacity, what is the consequence of their business contracts?

2. What is the obligation of a minor on disaffirming a contract?

3. When and how may a minor ratify a voidable contract?

4. If Gordon, a minor, lies about his age to induce an adult to enter a contract, is he guilty of a tort? Can any resulting contract be enforced?

4. What is the effect in most states of a person being formally adjudicated incompetent?

5. Can a person who has not been judicially declared insane and has only intervals of insanity or delusions make a binding contract?

6. Explain the enforceability of contracts made by people who have become so intoxicated that they cannot understand the meaning of their acts.

Reference no: EM131094359

Questions Cloud

Discuss to whom do directors owe their duties : With reference to the quote above, and relevant precedents studied in this course, discuss to whom do directors owe their duties? Note: for this part of the question, do not discuss the facts or decision in this case.

When does a promise constitute consideration : If a boy promises his father that he will not own and operate an automobile until he is eighteen in exchange for his father's promise to pay him $2,000, is there a valid contract?

A firm sense of the proposed investment : Read the following Instructions and write 6-8 pages paper as per as given instructions. Your paper must include headings before started each new section.For this assignment the company I selected is Nordstrom, Inc. Include 6-8 scholarly relevant refe..

Create and interface for a company yorktown clothiers : Create and interface for Yorktown Clothiers, a company that operates three retail stores. The company's owner wants an application that allows him to enter the weekly sales made in each store.

When and how may a minor ratify a voidable contract : Can a person who has not been judicially declared insane and has only intervals of insanity or delusions make a binding contract? Explain the enforceability of contracts made by people who have become so intoxicated that they cannot understand th..

What is geotourism and how can it impact a region : What are some ways that people can help heal the planet through their food choices? Think about an animal that you know about. In what ways is its behavior similar to or different from human behavior? What is geotourism and how can it impact a regio..

Social responsibility of private firms : Illustrate the importance of societal wealth ventures, social responsibility, community outreach, and giving back to the community in order to ensure balance between private and societal interests

What are the legal concepts that allow a court to do this : The courts sometimes will reform contracts when they determine that there are inconsistencies in the contract or that the contract does not reflect the actual agreement between the parties, even against the objections of one of the parties. What a..

How to measure the return on the company investment : Describe an appropriate strategy for implementing the recommended improvement activities that you have identified. Explain how to measure the return on the company investment after applying the key practices and improvement activities.

User Account

All Pages

When and how may a minor ratify a voidable contract

Reference no: EM131094359

Reference no: EM131094359

Questions Cloud

Reviews

Write a Review

Business Law and Ethics Questions & Answers

Legal environment of business caselet

Business ethics & legal issues caselet

Questions on business law and ethics

Discuss the doctrine of ratification of pre-incorporation

Discuss the extent of phoenixing activity

Application of law to facts

Question on business law and ethics

Questions on business law

Iidentify the issue raised by the facts

Evaluation of software development

Business value and ethics

Explain what is meant by income by ordinary concepts

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT