Contracts and Minors: Ratification and Unjust Enrichment Quiz
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Questions and Answers

What is the term used to describe the situation where a party receives less than what they are entitled to in a contract?

  • Misrepresentation
  • Undervaluation
  • Misappropriation
  • Prejudice (correct)
  • In the context of marital contracts, what can the court do if one spouse unreasonably withholds consent for a transaction?

  • Compel the withholding spouse to agree
  • Void the entire marital contract
  • Terminate the marriage contract
  • Order that no consent is required (correct)
  • What term is used to describe the legal principle where a minor is entitled to be restored to the position they were in before entering into a contract if it is voided?

  • Restitution (correct)
  • Redemption
  • Reformation
  • Rescission
  • If a minor enters into a contract, what legal action can be taken by the minor upon reaching majority age to give force to the contract?

    <p>Ratification</p> Signup and view all the answers

    In cases of unjustified enrichment, what can a court do if one party is unfairly enriched at the expense of another?

    <p>Compel the enriched party to pay restitution</p> Signup and view all the answers

    What is the effect of ratification on a contract entered into by a minor?

    <p>The contract becomes valid from the original date of entry.</p> Signup and view all the answers

    In the context of contracts, what does 'unjustified enrichment' refer to?

    <p>Performance without a legal obligation</p> Signup and view all the answers

    What is the legal term for the situation where a minor decides to proceed with a contract with the assistance of a guardian?

    <p>Ratification</p> Signup and view all the answers

    Why did the seller sue O in Stuttaford v Oberholzer case?

    <p>For breach of contract</p> Signup and view all the answers

    What happens if a minor enters into a contract unassisted and then decides not to ratify it?

    <p>The minor is still bound by the terms of the contract.</p> Signup and view all the answers

    What does the case of Stuttaford v Oberholzer illustrate about contractual capacity?

    <p>The consequences of entering into a contract without legal consent</p> Signup and view all the answers

    What is the outcome when a minor is bound by a duly assisted contract?

    <p>The contract is valid and the minor can only get out of it with a court order.</p> Signup and view all the answers

    In the case of Wood v Davies, why was the contract considered substantially prejudicial to Wood?

    <p>The price of the house exceeded its true value by E200.</p> Signup and view all the answers

    What does 'restitution' mean in the context of contract law?

    <p>Both parties restoring what they received under the contract.</p> Signup and view all the answers

    Under what circumstances can a minor be released from a duly assisted contract?

    <p>If the contract was inherently prejudicial.</p> Signup and view all the answers

    What legal concept states that each party must give back to the other what they received under a contract?

    <p>Restitutio in integrum</p> Signup and view all the answers

    What can a minor do if a contract they entered into is found to be substantially prejudicial?

    <p>Seek a court order for cancellation and restitution.</p> Signup and view all the answers

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