Review Questions:

What is the definition of a minor?

A minor is someone who has not reached the age of maturity. (18)

2. When does a person reach a particular age?

A person reaches a particular age on their birthday.

3. Why does the law make contracts with minors voidable?

The law makes contracts with minors voidable because they legally do not have the capacity to contract.

4. What are the risks of contracting with minors?

If a business contracts with a minor, the contract is voidable.

5. May a minor affirm and disaffirm parts of the same contract? Explain.

A minor can only affirm or disaffirm the whole contract.

6. May a minor avoid a contract with another minor? Explain.

Yes any contract involving a minor is voidable.

7. Are laws concerning minors who misrepresent their age and then disaffirm a contract the same in every state?

No they can not be disaffirmed because that minor can be sued for fraud.

8. When might a minor be required to honor a contract?

A minor has to honor a contract if they lied about their age, commiting fraud.

9. When and how may a minor ratify a contract?

A person may ratify a contract when they reach the age of majority.

10. What persons other than minors have the right to disaffirm contracts?

A person can disaffirm a contract if they have a disability, not allowing them to understand the contract, or if they are intoxicated.