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An oral contract is an implied-in-fact contract(true or false)?

An offer does not need to be communicated to the offeree to be effective(true or false)?

A person who does not know about a reward cannot claim it(true or false)?

A minor's failure to perform an executory contract within a reasonable time after reaching the age of majority implies disaffirmance.(true or false)?

2007-07-06 10:53:42 · 3 answers · asked by clogos 1 in Politics & Government Law & Ethics

3 answers

1. It depends on the situation. It can be implied-in-fact, but must first satisfy the Statute of Frauds.
2. False. The offer must be communicated to the offeree in order for acceptance to occur. Acceptance must also be communicated.
3. TRUE - in ALL jurisdictions in the USA at common law.
4. False. Minority is a bit more complex than that. A minor must ratify a contract upon reaching the age of majority if it is not a contract for a necessity to that minor. In rare occasions, an executory contract is indeed a contract for a necessity to that minor, and just because the child has not performed does NOT disaffirm. Necessities are not subject to the normal conditions that Minority brings to the table.

2007-07-06 11:12:00 · answer #1 · answered by cyanne2ak 7 · 0 0

1. Don't know: a contract can be implied in fact or implied in law.

2. false
3. True
4. False

2007-07-06 11:03:26 · answer #2 · answered by BG 3 · 1 0

False
False--
True
I don't know.

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2007-07-06 10:59:28 · answer #3 · answered by Anonymous · 0 1

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