True/False
Indicate whether the sentence or statement is true
or false.
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1.
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When
both parties to a contract are minors, neither of them may disaffirm the contract.
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2.
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A
minor's right to disaffirm a contract terminates automatically when the person reaches the age of
majority.
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3.
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Some
states provide for the termination of minority status on marriage.
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4.
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The
age of majority in most states is eighteen years.
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5.
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Disaffirmance is the legal avoidance of a contractual obligation.
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6.
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Food
is the only thing that courts have been willing to define as "necessary."
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7.
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Parents are required by law to provide necessaries for their minor
children.
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8.
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Parents are ordinarily liable for the contracts made by their minor children, whether
or not the children acted on their own.
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9.
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A
person who enters into a contract when he or she is intoxicated can void the contract only if the
intoxication was involuntary.
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10.
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A
person who enters into a contract when he or she is intoxicated can void the contract if the terms
are obviously favorable to the other party.
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11.
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A
contract is unenforceable if there is a statute that prohibits the action promised by the
contract.
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12.
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An
executed contract entered into on Sunday in a state having a Sunday law cannot be
rescinded.
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13.
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A
lender who makes a loan at a rate above the lawful maximum commits usury.
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14.
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If
the purpose of a licensing statute is to raise government revenues, a contract with an unlicensed
professional will normally be enforceable.
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15.
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A
covenant not to compete between ongoing businesses is always enforceable.
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16.
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A
covenant not to compete that is part of an employment contract will generally be struck
down.
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17.
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A
contract in which the stronger party dictates the terms is an adhesion contract.
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18.
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An
exculpatory clause in an employment contract is always enforceable.
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19.
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If an
illegal contract is executory, either party can enforce it.
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20.
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When
a statute protects a certain class of people, a member of that class cannot enforce an otherwise
illegal contract.
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