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If Lisa is 17 and 360 days old and makes a contract with RentACenter, what are the ramifications of her actions? Can Lisa make a

  1. If Lisa is 17 and 360 days old and makes a contract with RentACenter, what are the ramifications of her actions?
  2. Can Lisa make a valid contract? Why or why not?
  3. What happens if she contracts, pays, reaches the age of majority and pays?
  4. What happens if she contracts, doesn't pay, reaches the age of majority and doesn't pay?
  5. In what scenario would Lisa have to pay a creditor?
  6. What type of incapacity defines a minor's contractual incapacity?
  7. What are the two types of capacity Lisa would need if she made the agreement on her 18th birthday.
  8. List four contracts that are contrary to public policy.

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