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dele against may file a complaint with the 27. An employee who has been South Carolina Human Affairs Commission SECTION II (20 Points) Please indicate

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dele against may file a complaint with the 27. An employee who has been South Carolina Human Affairs Commission SECTION II (20 Points) Please indicate whether the following statements are true or false by placing a "T" or "F" in the blank space following the statement. 1 . Inherent in all contracts are the duties of good faith and fair dealing. 1 1 2. Courts generally determine if the consideration for a contract is adequate. 3. A contract entered into by an intoxicated person is void. 4 . A minor may ratify a contract before reaching majority. 5 , A Statutory Close Corporation may elect not to have directors. 6. In South Carolina, an appeal from the Magistrate is heard by the Circuit Court. 7. A minor cannot disaffirm a contract for necessaries. 8. The EEOC is the state agency charged with enforcement of the law with respect To workplace discrimination 9. Partners are jointly and severally liable for Partnership debts. 10. To restore the status quo ante, the party must not return the goods obtained. 11. The Articles of Organization of an LLC must be filed with the SC Secretary of State 12. A person under the age of 18 may not enter a contract to buy real estate. 13 . If you are threatened with bodily harm to encourage you to sign a contract, the contract is said to have been obtained through undue influence. 14 . The warranty of merchantability applies to anyone who sells a products. 15 . Oral contracts are unenforceable. 1 1 Page 4 of 6

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