Please answer below quetions:

1. What types of contracts are binding on a minor? List the kinds of items considered necessaries for a minor. Why should a minor be held liable on a contract for necessaries?

(5 marks)

2. "E" out of a job, was given food during the winter by "F". In the spring, "E" secured a job and then promised to pay "F" back. Must this promise kept? Explain your answer by referring to consideration. (5 marks)

3. Explain how a contract that might first appear to be valid can be ruled invalid. Give 2 examples of circumstances under which this might occur. (5 marks)

4. What is the Statute of Limitations? Why was it set up? (5 marks)

5. List 3 circumstances where a buyer can get out of a sales contract. Use one example to illustrate each circumstance. (10 marks)

6. Explain the difference between a breach of condition and a breach of warranty in a contract. Give one example of each type of breach. (5 marks)

7. What are the three remedies in the Event of Breach of Contract and give an example of purpose of each and what are the four known practice remedies and provide an example of each. (15 marks)