est unrormation escriptionRespondus imed TestThis test has a time imit of 1 hour

Question

est unrormation escriptionRespondus imed TestThis test has a time imit of 1 hour and 5 minutes.You will be notified when time expires, and you may continue or submit. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Mutiple Attempts Not allowed. This test can only be taken once Force Completion Once started, this test must be completed in one sitting Do not leave the test before clicking Save and Submit. Remaining Time: 40 minutes, 04 seconds. Question Completion Status QUESTION Concerning contract capacihy. which is true? A A person who lacks capacity to coneract may nevertheless be compelled to pay the reasonable value for necessities furnished by another party O The detense of intoxication is an excellent contract defense, roughly equbalent in quality to infancy and incompetency. COne who entered into a contract while intoxicated need not later dsaffiem the contract in order to avoid being bound by it, because such a contract is void. As a general nule, an adult's contract with a minor is voidable at the option of either party QUESTION2 offers to buy a house from jahn and they were of the house. In the meantime, Sue confides in John's wife that she is wiling to pay an hear thn, Johns wwlfle bells him the good news John immediately calls up Sue and accepts her offer a binding MacBook Air 3 5 9 4

Explanation / Answer

Question 1:

As per rule, the capacity to contract means a person entering into the contract must have the ability and competance to fulfill the contract, otherwise, the contract will be void and hence no penalty can be imposed. The basic element is that the person entering the contract should in sound mind.

Hence option (a) is correct.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.