In our study of chapter 16 we learned that minors (those under the age of 18) have only limited capacity to contract. Explain the exception to this rule as it relates to contracts for Necessaries. What is meant by Necessaries and what is the reason that minors only enjoy limited capacity to contract? Provide examples. Support your answer with references to academic sources including our textbook.                                  Kubasek, N. K., Brown, M. N., Herron, D. J., Giampetro-Meyer, A., Barkacs, L. L., Dhooge, L. J., & Williamson, C. (2012). Dynamic business law (2nd ed., Custom Publish). New York, NY: McGraw-Hill. ISBN:0-07-757264-5.

Define the term contract . (b) Explain the essentials of a valid contract. You may use cases or examples where possible.

Explain and give example about article 1325 and 1326 (Chapter 2 - Essential Requisites of Contract)

घ On Section III of the loan application, what should be entered for the number of dependents and the dependent's ages? O Two dependents, ages 2 and 9 O Three dependents, ages 2, 9, and 18 O Four dependents, age 2, 9, 18, and 22 O Five dependents, ages 2, 9, 18, 22, and 39

Give an example of a contract that is illegal in Florida but legal in some other states in the United States.

Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?

Broker Karen is assisting Seller Tom in the sale of his Florida home. Karen tells Tom that she can draw up a sales contract or fill in the blanks of a preprinted sales contract available through a local real estate association. Tom reviews examples of each type of contract and asks a few factual questions about the information that he will need to supply. Tom follows up those questions by asking Karen to interpret the legal ramifications of certain contract clauses. Is Tom making any requests of Broker Karen that she should not accommodate? Tom should only ask legal questions about the sales contract if Karen drew up the contract in lieu of using one provided by the local real estate association. Tom should not ask Karen for legal interpretations or legal advice about the sales contract. Tom has a right to expect an experienced real estate professional like Karen to be able to answer legal questions as long as they pertain to the contract or other matters related to selling his home.…

Broker Karen is assisting Seller Tom in the sale of his Florida home. Karen tells Tom that she can draw up a sales contract or fill in the blanks of a preprinted sales contract available through a local real estate association. Tom reviews examples of each type of contract and asks a few factual questions about the information that he will need to supply. Tom follows up those questions by asking Karen to interpret the legal ramifications of certain contract clauses. Is Tom making any requests of Broker Karen that she should not accommodate? Tom has a right to expect an experienced real estate professional like Karen to be able to answer legal questions as long as they pertain to the contract or other matters related to selling his home. Tom should only ask legal questions about the sales contract if Karen drew up the contract in lieu of using one provided by the local real estate association. Tom should not ask Karen for legal interpretations or legal advice Tom should not ask any…

When buyer and seller are undecided on clear terms on price and quantity of goods it results in: a. Ethical behavior in transaction b. Morality in transaction c. Lack of mutual agreement in transaction d. Mutual agreement in transaction

a reporting script about Article 1322 to article 1326 of Chapter 2 - Essential Requisites of Contracts ( A Philippine Business Law )