Question
1) Which of the following statements regarding the enforceability of contracts involving minors is true? A) Minors may never enter into legally enforceable contracts. B)
1)
Which of the following statements regarding the enforceability of contracts involving minors is true?
A) Minors may never enter into legally enforceable contracts.
B) All contracts involving minors are unenforceable.
C) Contracts for necessities (such as food or shelter) involving a minor as a party are enforceable.
D) Provided all other conditions for enforceability are met, a contract may not be voided simply because one party is a minor.
2)
Under contract law, a promise not to do something that a person could otherwise do __________.
A) is called a forbearance, but is not adequate legal consideration for a contract
B) is called promissory estoppel, and qualifies as legal consideration
C) is only deemed legal consideration for a contract if the person giving it is financially harmed
D) is called a forbearance and is an adequate legal value to support the existence of consideration for a contract
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