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1. Once someone has been declared mentally incompetent by a court, any contracts they later enter into are void. ( True or False ) 2.
1. Once someone has been declared mentally incompetent by a court, any contracts they later enter into are void. ( True or False ) 2. In general, after disaffirming a contract a minor must return any consideration still in the minor's possession. ( True or False ) 3. A minor may not enter into a contract ( True or False ) 4. A minor, after reaching majority, can disaffirm a contract at any time. ( True or false ) 5. The contracts of a mentally impaired person are always void. ( True or False ) 6. Little Dave, age 15, bought some toy drums from a music store. A week later, Little Dave got tired of playing the drums so he called the store to disaffirm. Which of the following is true? A. Little Dave can disaffirm but must return the drums. B. Little Dave cannot disaffirm because he is a minor. C. Little Dave can disaffirm and can keep the drums. D. Little Dave cannot disaffirm because he has already played the drums. 7. A party can disaffirm a contract based on intoxication: A. if both parties have been drinking. B. only if he or she was a minor. C. only if he was truly intoxicated and the other party knew of the intoxication. D. only when one party has been drinking. 8. An adult may disaffirm a contract: A. if he or she enters into a contract with an intoxicated individual. B. if he or she enters into a contract with an intoxicated individual. C. if he or she enters into a contract with a minor. D. because of their mental impairment. 9. (True or False ) In California the age of majority is 18. 10. ( True or False ) A minor is the one most likely to argue that an item is a necessary
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