QUESTION 24 The statute of frauds applies only to formal contracts. executory contracts. o informal contracts. executed contracts. QUESTION 25 A guardian is a court-appointed adult who can enter into contracts on behalf of an incompetent party, True False QUESTION 26 Charging a rate of interest higher than that allowed by law is usury. True False QUESTION 27 Contracts made by minors are void. True O False QUESTION 28 Hamza, a minor, sold his Ipad to Adriana, an adult. Adriana sold the Ipad to Henry, another adult. Hamza now wishes to disaffirm the contract. Hamza can disaffirm and take the Ipad back from Henry True O False