Contracts Binding on Minors Quiz

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In the context of contracts, a minor's obligation to pay for necessaries is _____.

Enforceable (correct)

Invalid

Unenforceable

Voidable

When a minor enters into a long-term interest contract, it is usually considered _____.

Illegal

Unenforceable

Voidable (correct)

Valid

What is the legal status of a contract entered into by a heavily intoxicated person?

Enforceable

Void

Voidable (correct)

Illegal

When a contract is found to be void _____, it means it's as if the contract never existed.

At common law Signup and view all the answers

What happens to contracts made by individuals diagnosed with severe mental disorders?

They are voidable Signup and view all the answers

Limited Liability Partnerships (LLPs) have legal personality similar to companies, allowing them to _____.

Enter into contracts Signup and view all the answers

What was the reason given by the Court of Appeal for ruling the contract between the tailor and the student as not binding?

The goods were not suitable to the young man's actual requirements at the time Signup and view all the answers

In the case of Chapple v Cooper, why was the widow obligated to pay for her husband's funeral?

It was considered a necessary service Signup and view all the answers

Under what circumstance is a minor not obliged to accept and pay for necessaries sold to them?

When the minor decides they are no longer needed Signup and view all the answers

What type of contracts can be considered voidable at common law?

Contracts with oppressive terms Signup and view all the answers

When can a minor terminate a contract under common law?

When the contract involves necessaries Signup and view all the answers

What kind of articles are excluded from being considered necessaries under common law?

Articles of mere luxury Signup and view all the answers

What types of contracts are binding on minors according to the text?

Contracts for necessary goods and services Signup and view all the answers

How are 'necessaries' defined under the Sale of Goods Act 1979?

Goods suitable to the minor's social status and current needs Signup and view all the answers

In Nash v Inman (1908) 2 KB 1, what was supplied by the Savile Row tailor to the Cambridge undergraduate?

Luxury fancy waistcoats Signup and view all the answers

What is the general outcome regarding minors and consumer contracts?

Minors are usually not bound by commercial contracts Signup and view all the answers

For a contract to be considered one for necessaries, what must be determined?

If it is capable of being necessaries in law and actually necessary for the minor Signup and view all the answers

When deciding if a minor is bound by a contract for necessaries, what is considered?

The minor's family background and social status Signup and view all the answers