Question
Q 1 Once someone has been declared mentally incompetent by a court, any contractsthey later enter into are void. True or False Q2 In general,
Q 1
Once someone has been declared mentally incompetent by a court, any contractsthey later enter into are void.
True
or
False
Q2
In general, after disaffirming a contract a minor must return any consideration still in the minor's possession.
True
or
False
Q3
A minor may not enter into a contract.
True
or
False
Q4
A minor, after reaching majority, can disaffirm a contract at any time.
True
or
False
q5
The contracts of a mentally impaired person are always void.
True
or
False
Q6
Little Dave, age 15, bought some toy drums from a music store. A week later, Little Dave got tired of playing the drums so he called the store to disaffirm. Which of the following is true?
a. Little Dave cannot disaffirm because he has already played the drums.
b. Little Dave cannot disaffirm because he is a minor.
c. Little Dave can disaffirm but must return the drums.
d. Little Dave can disaffirm and can keep the drums.
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