Review Questions

What is the definition of a minor?
- minor- under legal age; “infancy”; fed. govt states under UCC that a minor does not have the mental ability to enter into contracts; privileged
When does a person reach a particular age?
- day before their birthday
Why does the law make contracts with minors voidable?
- don’t have the mental capacity to enter into contracts
What are the risks of contracting with minors?
- only minors can disaffirm
- other party can’t unless they are also a minor
May a minor affirm and disaffirm parts of the same contract?
- minor must disaffirm the whole contract; “all or none”
- minor may disaffirm one or both of two separate contracts
May a minor avoid a contract with another minor?
- both have the right to disaffirm
Are laws concerning minors who misrepresent their age and then disaffirm a contract the same in every state?
- a minor who misrepresents age can be sued for fraud if there is resulting loss
- in most states it is a crime to lie about age
When might a minor be required to honor a contract?

College Business Law