q29

Both Regulatory and Revenue raising licensing statutes are designed to protect the public.

True or False

q30

A minor normally is permitted to disaffirm a contract for the purchase of necessaries but remains liable for the reasonable value of the goods.

True or False

q31

A person seeking to rescind a contract based on intoxication needs to show that he or she was so intoxicated as to fail to comprehend the legal consequences of entering

into the contract and the other person was aware of his intoxication.

True or False

q32

Stanley, a minor, goes to a jewelry store to buy an expensive present. The store clerk asked Stanley if he was 18. Stanley lied and said he was 23. The clerk sold the jewelry to Stanley. Stanley later wants to disaffirm. Under modern law, it doesn't matter what state the store is located, Stanley can disaffirm the contract.

True or False

q33

If a person enters into a contract with a professional who has never obtained a license, the contract will always be unenforceable.

True or False

q34

If a person enters into a contract with a professional who has never obtained a license, the contract will always be unenforceable.

True or False

q35

Statements not to compete are never enforced because they are unreasonablerestrains on trade.

True or FalsTrue or False