multiple choice\n19. which of the following is not legally capable of entering a contract?\na) minors\nb)…

multiple choice\n19. which of the following is not legally capable of entering a contract?\na) minors\nb) mentally disabled\nc) intoxicated people\nd) all of the above\n20. which is the definition of a good?\na) the action of performing work for someone else.\nb) tangible items that satisfy peoples wants and needs.\nc) any item that a business or person has a legal title over.\n21. what does ucc stand for?\na) uniform commercial code\nb) uniform commerce code\nc) uniform commercial class\nd) uniform commerce class\nshort answer\n22. list at least two benefits of contracts.\n23. please write a short description of each of these elements of a contract.\na. offer\nb. acceptance

multiple choice\n19. which of the following is not legally capable of entering a contract?\na) minors\nb) mentally disabled\nc) intoxicated people\nd) all of the above\n20. which is the definition of a good?\na) the action of performing work for someone else.\nb) tangible items that satisfy peoples wants and needs.\nc) any item that a business or person has a legal title over.\n21. what does ucc stand for?\na) uniform commercial code\nb) uniform commerce code\nc) uniform commercial class\nd) uniform commerce class\nshort answer\n22. list at least two benefits of contracts.\n23. please write a short description of each of these elements of a contract.\na. offer\nb. acceptance

Answer

Brief Explanations:

  • Question 19: Minors (in most cases lack full legal capacity), mentally disabled (may lack understanding), and intoxicated people (impaired judgment) may not be legally capable. So all could be.
  • Question 20: A good is a tangible item that satisfies wants/needs. Option b fits.
  • Question 21: UCC is the Uniform Commercial Code.
  • Question 22: Benefits of contracts: Provide legal protection (enforceable terms), clarify obligations (reduce disputes).
  • Question 23a: Offer: A proposal by one party to another indicating willingness to enter a contract on certain terms.
  • Question 23b: Acceptance: Unconditional agreement by the offeree to the terms of the offer.

Answer:

  1. d) All of the above
  2. b) Tangible items that satisfy people's wants and needs.
  3. a) Uniform Commercial Code
  4. Provide legal protection; clarify obligations. 23a. A proposal by one party to another indicating willingness to enter a contract on certain terms. 23b. Unconditional agreement by the offeree to the terms of the offer.