Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21- All contracts entered into by intoxicated persons are voidable. True Or False 22- An adult who has entered into a contract with a minor

21- All contracts entered into by intoxicated persons are voidable. True Or False 22- An adult who has entered into a contract with a minor can rescind the contract because of the minor's lack of capacity. True Or False 23- Even if a party lacks the capacity to entire into a contract that party may be liable for the reasonable value of "necessaries" he or she purchases. True Or False 24- and duration. Covenants not to compete, to be enforceable, must be reasonably limited in scope. True Or False 25- Mistakes in judgment as to value will permit one to avoid a contract True Or False 26- Any party to a contract entered into when all parties have operated under a mistake of fact can rescind the contract. True Or False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions