On Attaining Majority an Agreement with a Minor Mcq

On Attaining Majority: An Agreement with a Minor MCQ

In the legal world, there are specific rules surrounding contracts entered into by minors. A minor is an individual who has not yet attained the age of majority, which is typically 18 years of age. In certain circumstances, a minor may enter into a contract with an adult, but there are specific rules surrounding such agreements.

If a minor enters into a contract with an adult, the contract is usually considered voidable. This means that the minor has the option to either affirm or disaffirm the agreement once they attain the age of majority. However, there are exceptions to this rule.

Below are multiple-choice questions (MCQs) to help you understand the rules surrounding agreements with minors:

1. What is the age of majority in most states?

a. 16

b. 18

c. 21

d. 25

Answer: b. 18

2. Which of the following contracts entered into by a minor is typically considered voidable?

a. Employment contracts

b. Contracts for necessary goods and services

c. Contracts for luxury goods

d. All of the above

Answer: c. Contracts for luxury goods. Although minors are not usually held accountable for contracts they enter into, contracts for necessary goods and services are usually an exception. This means that the minor may be held responsible for such agreements even before they attain the age of majority.

3. What happens if a minor affirms a contract after attaining the age of majority?

a. The contract becomes voidable

b. The contract becomes enforceable

c. The contract becomes null and void

d. The contract remains void

Answer: b. The contract becomes enforceable. Once a minor attains the age of majority, they have the option to either affirm or disaffirm the contract. If they affirm the agreement, it becomes enforceable.

4. What is the legal term used to describe a minor who is legally able to enter into a contract?

a. Emancipated minor

b. Dependent minor

c. Minor with parental consent

d. None of the above

Answer: a. Emancipated minor. An emancipated minor is a minor who has been legally freed from the control of their parents or guardians. In such cases, they may be able to enter into contracts as if they were adults.

5. If a minor enters into a contract and then decides to disaffirm it, what happens to any property or money they may have received from the agreement?

a. They may keep the property or money

b. They must return the property or money

c. They may keep some of the property or money based on equitable principles

d. None of the above

Answer: b. They must return the property or money. If a minor decides to disaffirm a contract, they must return any property or money they may have received from the agreement. This is to ensure that the adult party is not unfairly disadvantaged by the minor`s decision to disaffirm.

In conclusion, agreements with minors are subject to specific rules and exceptions. If you are looking to enter into a contract with a minor, it is important to understand these rules to ensure that the agreement is legally enforceable. By familiarizing yourself with these rules, you can protect yourself and your business from legal disputes that may arise from agreements with minors.