Exam 12: Capacity and Legality

Bobby voluntarily enrolls in a skydiving course at OpenSkies Pvt.Ltd., an adventure firm.He signs a contract that relieves OpenSkies of liability.After receiving proper instruction, he jumps from an airplane.Unfortunately, Bobby is injured when he could not steer his parachute toward the target area while landing.He sues the parachute center for damages.But the court found that the contract protected OpenSkies from damages, as Bobby had voluntarily joined the course knowing all the risks involved.What kind of contractual provision protected OpenSkies from having to pay Bobby damages?

________ is a licensing statute with the primary purpose of increasing earnings for the government.

What is the doctrine of in pari delicto with reference to contracts?

The infancy doctrine gives adults the right to disaffirm contracts entered with minors.

Preprinted forms whose terms the consumer cannot negotiate, and must sign in order to obtain a product or service are referred to as ________.

Which of the following is true about the ratification of a contract by a minor?

The term ________ refers to a doctrine that states that the courts will refuse to enforce or rescind an illegal contract and will leave the parties where it finds them.

A contract with an intoxicated person is not voidable by the other party if that party had contractual capacity.

The parental duty of support is terminated if a minor becomes emancipated.

A(n)________ is a contract that courts refuse to enforce in part or at all because it is so oppressive or manifestly unfair as to be unjust.

The emancipation doctrine helps a minor to enforce the necessaries of life contract on negligent parents.

Which of the following is true for a minor under the infancy doctrine?

If a minor entered into a contract, and then ratified the contract after reaching the age of majority, which of the following is he or she exempt from?

Judges can define morality based on their individual views.

A minor can disaffirm a contract anytime after reaching the age of majority.

The intoxicated person is not legally obligated to return consideration, received under the contract, to the competent party.

If the object of a contract becomes illegal after the contract is entered into, the parties are discharged from the contract.

Persons who entered into an illegal contract but withdraw before the illegal act was performed can sue to recover consideration.

If a minor does not disaffirm a contract upon reaching the age of majority, the contract is considered as ratified.

If a minor ratifies a contract while still being a minor, the contract cannot be disaffirmed.