Avoiding Enforcement Flashcards

1
Q

A minor can disaffirm at ___ during minority and a ___ ___ after reaaching majority age

A

anytime

reasonable time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Under the Modern Rule, K entered into by minors are ____

A

voidable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

The K is legally effective until minor ____

A

disaffirms

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

only the minor or the minors ____ can avoid the K

A

representitive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

If the minor wants to disaffirm, what do they have to do with the item in question?

A

If in possession, return it

If not, no need to return and still entitled to refund

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

T/F: Minors can disaffirm even if they misrepresent their age

A

True, but the seller may have a tort remedy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

T/F: Minors are entitled to a full refund

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is the trend that Prof. Wright wants us to know about allowing a minor to recover?

A

The trend is that the minors recovery will be offset (deducted) by the depreciation of the item or services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Define ratification

A

Ratification terminates the ability to disaffirm a K entered into by a minor

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

How can ratification happen?

A

By words or conduct (keep item) and only after reaching age of majority

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What are the exceptions to a minor being able to avoid enforcement of a K?

A

Doctrine of necessaries

Statutory exceptions such as child support, adoptions, military, education loans,

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Define doctrine of necessaries

A

Under the D.O.N, A minor will not be able to avoid the enforcement of a K for food, clothing, shelter.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

When a minor is emancipated, how are they treated regarding contracts?

A

They are treated as an adult and liable on K’s as an adult would be

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

K entered into my mentally incapacitated persons are ____

A

voidable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

To determine is a minority ratified after reaching majority age, what would you look at?

A

if they ratified in a reasonable time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Define disaffrim

A

To get out of the K

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is the GR for a mental incapaticated person resciding a K?

A

The person must be able to show that they were unable to understand the nature and consequences of their actions at the time the K was entered in to

18
Q

Define duress

A

Duress is a wrongful or improper act or threat that leaves a party with no reasonable alternative but to acquiesce. Wrongful is unlawful. Improper is unethical or immoral.

19
Q

K entered into by a mental incapacitated person are ___

A

voidable

20
Q

The person hurt by the mentally incompaticiated person must be returned to ____

A

the status quo, unless the person acted in bad faith to take advantage of the MIncap person

21
Q

If a person enters in a K when they are mentally incapaticiated, they must disaffirm within a reasonable time of ____

A

coming into a lucid state

22
Q

What is the Majortity (Cognitive) Rule for MIncap?

A

The person lacked the capacity to understand the nature and consequences of conduct at the time of the transaction

23
Q

What is the minority (Volitional) test for MIncap?

A

The person was unable to act in a reasonable manner toward the transaction and they other party had reason to know

24
Q

What are the two remedies for duress?

A

recission of the K

restore the party to status quo (make them whole again)

25
Q

Define undue influence

A

Undue influence is an improper persuasion of a weaker party by a stronger party. Improper is unethical or immoral.

26
Q

What are the factors of undue influcnes (dont need all of these)

IT/I/M/NT

A

Discussion or consumation of transaction at unusal or inappropiate time or place

insistence upon immediate decision

multiple persuaders

No time to consult with advisors

27
Q

Define misrepresentation

A

Misrepresentation is an assertion that is not in accordance with the facts. The assertion must be fraudulent or material. Fraudulent means the party had knowledge of its falsity and material means it induced the other party to enter into the agreement. There must be reliance by the other party and the reliance must be justified

28
Q

What is the GR for disclosure?

A

There is no duty to disclose

29
Q

What are the exceptions to the general rule for disclosure?

Duty/Change/Special/Prop/Trust

A

1, duty imposed by statutue

  1. where circumstances changed and the OG statements are no longer true
  2. special knowledge that is hard for the other party to obtain
  3. transactions in real property where there is a material defect that would affect the value & the other party wouldnt know about it
  4. when the parties have a fidiciary relationship
30
Q

Define economic values (engaging)

A

A policy that affects parties engaging in commerce

31
Q

Revenue raising statute are enacted to ___?

A

raise money

32
Q

What is the GR for violation of a revenue raising statues?

A

A k is enforceable for a violation of a revenue raising statute unless the statute states otherwise

33
Q

In violation of a revenue raising statute, a breaching party may be subject to __

A

sanctions, but the K is still enforceable

34
Q

Regulatory statutes are enacted to ____?

A

protect the public

35
Q

What is the GR for violation of regulatory statutues?

A

The violating party would suffer sanctions under the statute and the contract may be unenforceable.

36
Q

What can a court do with a K that is unconscionable?

A

If a K or any clause w/n the K is unconscionable, the court can refuse to enforce all or part of the K

37
Q

What is a non ancillary non compete covenant?

A

It is not attached to another agreement and it stands alone

38
Q

What is the GR for non ancillary non compete covenants?

A

They are unenforceable

39
Q

What is the GR for ancillary non compete covenants?

A

MAY be enforceable

40
Q

What is an ancillary non compete covenant?

A

It is attached to another agreement

41
Q

What is the test for an ancillary non compete covenant?

A
  1. Does it protect the legitimate interest of the employer?
  2. Time
  3. Geography
  4. Nature of Restriciton