T F 17. A mentally incompetent person may have capacity to enter into a contract

Question

T F 17. A mentally incompetent person may have capacity to enter into a contract at the time T 18. An adjudicated incompetent cannot enter into a binding contract. F 19. A contract for an adjudicated incompetent can only be entered into by: a. his parent b. his children c. his guardian d. the court 20. A promise to mow someone's lawn this weekend for $20 "if I feel like it" probably lack consideration because: a. of a preexisting duty b. it lacks capacity c. it is an accord& satisfaction d. it is illusory e. it is probably worth more than $20

Explanation / Answer

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17. The correct option is “True” .

18. The correct option is “True”.

19. The correct option is is (C) “His guardian”.

20. The correct option is (E) “It is probably more than $20”. As the measurable value and the promised value must be the same.

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