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

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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.