What is the general rule regarding the liability of parents for contracts made by their minor children acting on their own?
Explanation
This question tests the fundamental principle of parental liability (or lack thereof) for contracts entered into independently by their minor children.
Other questions
In the context of contractual capacity, what is the age of majority for contractual purposes in virtually all states today?
To exercise the option to avoid a contract, what must a minor do to disaffirm it?
According to the majority rule in the United States, what is a minor's obligation upon disaffirming a contract for goods?
What is the general rule regarding the enforceability of a contract for necessaries entered into by a minor?
What is the term for the act of accepting and giving legal force to a contractual obligation that was previously not enforceable, such as one made by a minor?
Under what condition is a contract entered into by an intoxicated person considered voidable?
What is the legal status of a contract made by a person who has been previously determined by a court to be mentally incompetent and has a guardian appointed?
What is the term for a statute that sets the maximum rate of interest that can be charged for a loan?
What is the general rule regarding the enforceability of a contract made with an unlicensed professional if the purpose of the licensing statute is to protect the public from unauthorized practitioners?
What is a covenant not to compete?
In the case of Stultz v. Safety and Compliance Management, Inc., why did the court find the covenant not to compete to be unreasonable and unenforceable?
Which of the following describes procedural unconscionability?
What is a contract written exclusively by one dominant party and presented to the other party on a take-it-or-leave-it basis called?
What is the general rule regarding the effect of illegality on a contract?
If a contract is divisible into legal and illegal portions, how will a court typically treat it?
In the case of Thibodeau v. Comcast Corp., the court found the customer agreement to be a contract of adhesion. Why was this significant?
What does it mean for a minor to be emancipated?
In the Yale Diagnostic Radiology case, what was the primary contract that the court identified when a medical service provider renders necessary care to an injured minor?
Which of the following is NOT a type of illegal contract discussed in the chapter?