Q 1 Once someone has been declared mentally incompetent by a court, any contracts they later enter into are void

Q 1

Once someone has been declared mentally incompetent by a court, any contracts they later enter into are void.

True

or

False

Q2

In general, after disaffirming a contract a minor must return any consideration still in the minor's possession.

True

or

False

Q3

A minor may not enter into a contract.

True

or

False

Q4

A minor, after reaching majority, can disaffirm a contract at any time.

True

or

False

q5

The contracts of a mentally impaired person are always void.

True

or

False

Q6

Little Dave, age 15, bought some toy drums from a music store. A week later, Little Dave got tired of playing the drums so he called the store to disaffirm.  Which of the following is true?

a. Little Dave cannot disaffirm because he has already played the drums.

b. Little Dave cannot disaffirm because he is a minor.

c. Little Dave can disaffirm but must return the drums.

d. Little Dave can disaffirm and can keep the drums.