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answer asap please TF 32. The law allows minors to cancel contracts they get into with the exception of contracts for necessaries, i.e. food, clothing,
answer asap please
TF 32. The law allows minors to cancel contracts they get into with the exception of contracts for necessaries, i.e. food, clothing, medical care, lodging provided to the minor by an adult, the legal significance of which is that this type of contract is enforceable by the provider and cannot be disapproved/disaffirmed/canceled by the minor. 33. An agreement that can be completed within six (6) months must be in writing in order to be enforced pursuant to the Statute of Frauds. TF 34. The legal significance of being a third-party intended beneficiary to a contract made by two other parties, is that this type of beneficiary gets legal rights to the contract which he or she can then legally enforce. TF 35. A third party who benefits incidentally from a contract has a right to the benefits if the benefits exceed $1,000.00 TF 36. The UCC (Uniform Commercial Code) was a model/uniform law proposed in the area of commercial transactions for the States to adopt as legislation into their respective State Business Code and permits a more flexible approach to resolving T F contract issues/problems if a commercial transaction is governed by than would be the case if contract common law principles applied. TF 37. The legal significance of the purpose and philosophy of the UCC in having issues/problems/disputes in contracts for the sale of goods be resolved under more flexible rules than the inflexible/rigid common law contracts rules would then make the types of commercial transactions governed by it to continue and not be declared void Step by Step Solution
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