Q 1. The minor's obligation to pay for necessaries is based on the theory of quasi contract. This theory protects

a) minors in their dealing with minors

b) adult in their dealings with minor

c) minor in their dealings with other minor

d) minors in their dealings with parent or guardian

Q 2. Minors are liable for the reasonable value of the necessary

a) actually furnished

b) that they agreed to purchase

c) that their parent agreed to pay for

d) all of these

Q 3. Under the provisions of the Statute of frauds, one example of a contract that does not have to be in writing to be enforceable is a(n)

a) promise to pay the debt of another living person

b) agreement for the transfer of ownership of real property

c) agreement to rent real property for one year or less

d) agreement for the sale of merchandise valued at #700

Q 4. one example of a contract that must be in writing is a contract to

a) rent an apartment for six months

b) care for someone for the rest of his or her life

c) purchase a computer for $350.00

d) pay friend's debts

Q 5. A contract should include

a) the name of the parties

b) the consideration given by each party

c) financially responsible people

d) of sound mind

Q 6. Consideration may be

a) money

b) property

c) a promise not do something you have the legal right to do

d) all of these