Exam 14: Capacity And Consent

If Jane persuades Linda to buy her horse by telling Linda that the horse runs "like the wind," then Jane's statement is:

Mentally infirmed Sasha contracts to purchase a piano for $2,500 in 60 monthly installment payments.Six months later she tries to void the contract on grounds of mental impairment.A court will:

Reed,a 15-year-old,has run out of money while on a trip away from home.Martha gives him food,a place to sleep,and his bus fare home,in exchange for Reed's promise to pay $200 after he got home.Is Reed's promise enforceable?

A party injured by fraud generally has the choice of suing for damages or rescinding the contract.

Angie,a minor,wants to avoid a contract she made with Cumberland Cycles.She may disaffirm the contract by:

Adrianna wants to purchase a ten-acre tract of land.Under what circumstances would the seller be required to divulge information Adrianna does not possess?

When courts consider economic duress,they consider all the following factors EXCEPT:

Which of the following is least likely to be regarded as a necessary?

When a business is concerned about selling to minors because of their right to disaffirm contracts,the business might protect itself by:

An example of the type of relationship required to find undue influence would be:

Which of the following statements,if made by a seller who knows the statement to be untruthful,would not be misrepresentation of material fact resulting in a cause of action for fraud?

Discuss the concept of a "material fact" in fraud situations.

Travis had too many beers at the baseball game.Ed realized Travis was so intoxicated he wouldn't know what he was doing,so he got Travis to sign a promise to sell his motorcycle to Ed for $50.When Travis gets sober,he may void the contract.

Spencer,age 18 and of sound mind,has the legal capacity to contract.

The most accurate statement regarding economic duress is:

Pamela is planning to sell her home decorating store to her daughter.Pamela has:

Ryan,a minor,contracted to sell his auto to Ed,a 28-year-old.Ryan later refused to complete the sale.If Ed sues to enforce the contract,Ed will:

A party to a contract has a duty to investigate the other party's factual statements.

If a salesperson says,"This is a great car and it's really fun to drive," but the car turns out to be a lemon,the salesperson has committed fraud.

Ron,a minor,goes to the hospital for treatment of the flu.On the new-patient form Ron signs,he agrees to pay for any care or treatment he receives.When billed for the treatment: