Case 1:

Tom is just 13 years old, his current age is below the minimum requirement of age capacity according to the
U.S law. Therfore, he has no right to sign the contract with the dealer. Consequently, the dealer can revoke the
promise to sell the car to Tom.
m, thanh thiu nin c quyn t quyt. VN,
Case 2:
Jimmys age is below 18, which means he can choose not to honor the contract. However, foods are counted as
necessaries, which makes the contract enforceable, so he has to pay the restaurant for the meal.
Case 3:
Annie is under 18 so she can disaffirm the contract. Nevertheless, student loans are considered as necessaries,
which means she has the duty to honor the contract (to pay both the principal and interest)
Case 4:
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If every month bill is considered as an independent contract compared to its precedent, James wont
have to pay the bill due to his mental illness.
As James might sign the contract with the restaurant before becoming mentally ill, at that time, he is
fully aware of his benefit and duty from the contract (perharps, the restaurant has told him about the
agreement to pay monthly bill before signing the contract); therefore, after the accident, he is still liable
to pay the bill.

Due to Jamess mental illness, the contract between him and the restaurant is voidable.
James has to pay reasonable amount of money (foods are considered as necessaries) government or charity
may pay the bill for him.
Case 5:
The statement is true because contracts with illegal subject matter are void contracts, which means neither side
can enforce the contract.
Case 6:
Bar exam is conducted to determine whether one is qualified practical law in given jurisdiction, including
giving legal advice to client. Base on that definition, Joseph has no authority to privide law services. Therefore,
firms are right to reject his charge for service.
Case 7:
All of the statement is correct
Case 8:
No because the word best is quite a matter of opinion no specific criteria to determine (puffing).
Case 9:
Ross is right to do so since Stable has committed fraud he intentionally deceive Mr.Ross about the real age of
the horse. The statement is written in the Memorandum can be used as proof.
Case 10:
No because he did not inspect the property before buying, which means lack of reliance on the material
statement of fact provided by the seller
Case 11:
Cuenca has committed fraud as he lied about the injury condition of the horse. The horse may not be able to ride
in the competition.

Case 12:
No as it violates public policy of competiveness.
Case 1:
False as the penalty can be used to cover the consequential damages of manufacturer
Case 2:
True. Obligor may not be aware of his duties without any notification about the assignment.
Case 3: A
Case 4:
Yes, it can serve as penalty to cover liquidated damages.
Case 5:
The contract here actually is between the company and distributors, not between Thomas and them, so the
contract is continued in spite of Thomass death
Case 6: A
Case 7:
Urban delegated its duty to Rural just for installation, in fact the contract is till between it and Milk corporation.
Case 8:
Case 9:
Case 10:
Case 11:
Case 12:
Case 13:
Case 14:
Penalty
8% of breaching obligation
In construction: 12% of breaching contract
Negotiable instrument: c th c chuyn nhng, c tnh thanh khon, shadow banking
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Promissing note (note)

Bill of exchange (check - draft/bill)
Without recourse: quyn truy i

Ex: buyer buys goods from seller and issues negotiabl instrument
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Standing to sue: credit

Statute of limitation