Review Questions and Prol 1. Match each term in Column A with the appropriate st

Question

Review Questions and Prol 1. Match each term in Column A with the appropriate statement in Column B. (1) Ratification (2) Scienter (3) Concealment (4) Mutual mistake (d) What minor may choose to do (5) Necessaries (a) Minor must pay for their (b) Rescission not allowed unless (c) A fiduciary or someone in close reasonable value other party has knowledge of it family relationship exerts pressure upon reaching majority keeps consideration and does (e) Upon reaching majority, minor nothing more speak is not performed Misconception of material fact (6) Undue influence () Rescission granted if a duty to (7) Unilateral mistake (g) Physical threats usually required (8) Duress (h) by all parties (9) Disaffirmance (10) Reformation () Intent to defraud (j) Court rewrites contract to make contract conform to parties intent 2. Beachcomer, a coin dealer, sues to rescind a purchase by Boskett, who paid $50 for a dime both parties thought was minted in San Francisco. In fact, it was a very valuable dime minted in Denver Reachrnmar asort

Explanation / Answer

1-e (when infant reach majority he or she will take into consideration the contract)

2-i ( it is intend to manipulate , defraud or decieve)

3--f(it is granted if the speak duty not done)

4-h(when the subject matter is not clear to both the parties)

5-a(necessaries such as minor health food and education)

6-c(when a family member experts a emotional pressure)

7-b(the contract is not revoked unless the party who doesnt know gets informed by it.)

8-g(it is when one party threatens the other)

9-d(reason it is act done by minor when he reach the age of majority)

10-j(it is rewritten when there is any language or any matter of the contract which is not clear to any parties to the contract)

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