ION 2 1, if an agreement is completely executory, the minor's failure to act after reaching the age of majority is considered disaffirmance. FION 3 ninor misrepresents their age, all jurisdictions will allow a minor to disaffirm the contract even if they cannot return the consideration TION 4 ee is the person to whom a contractual duty is owed. "ION 5 to whom rights under a contract are transferred is called the obligor.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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QUESTION 1
A delegation transfers contract duties, but the delegator remains liable for proper performance.
O True
O False
QUESTION 2
Generally, if an agreement is completely executory, the minor's failure to act after reaching the age of majority is considered disaffirmance.
O True
O False
QUESTION 3
When a minor misrepresents their age, all jurisdictions will allow a minor to disaffirm the contract even if they cannot return the consideration that they received.
O True
O False
QUESTION 4
The obligee is the person to whom a contractual duty is owed.
O True
O False
QUESTION 5
The party to whom rights under a contract are transferred is called the obligor.
O True
O False
Transcribed Image Text:QUESTION 1 A delegation transfers contract duties, but the delegator remains liable for proper performance. O True O False QUESTION 2 Generally, if an agreement is completely executory, the minor's failure to act after reaching the age of majority is considered disaffirmance. O True O False QUESTION 3 When a minor misrepresents their age, all jurisdictions will allow a minor to disaffirm the contract even if they cannot return the consideration that they received. O True O False QUESTION 4 The obligee is the person to whom a contractual duty is owed. O True O False QUESTION 5 The party to whom rights under a contract are transferred is called the obligor. O True O False
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