To be legally capable of making a contract, a person may not be __________
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Step 1: Identify the legal capacity requirements for making a contract. Show more…
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The supervising licensee of a main real estate office must NOT be: A) under 25 years old. B) otherwise employed. C) licensed in more than one state. D) a licensed insurance broker.
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Consent cannot be given if a person is incapacitated. This means the individual cannot be
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Gretchen is adjudged by a court to be mentally incompetent. Gretchen can enter into a valid contract and cannot avoid liability under it. can enter into a valid contract but has the right to avoid liability under it. cannot form a legally binding contract with another party. is presumed to have contractual capacity. Question 27 A contract to do something that is prohibited by statute is enforceable if the parties are aware of the prohibition. enforceable if the parties are ignorant of the prohibition. enforceable if the contract does not negatively affect society. unenforceable. Question 28 Horse racing, video poker games, and charity-sponsored bingo are forms of gambling not allowed or regulated by any state. forms of gambling allowed and regulated by many states. forms of gambling allowed and regulated by all states. not forms of gambling. Question 29
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