Explain the obligations of a minor who chooses to disaffirm a contract.

1) Explain the obligations of a minor who chooses to disaffirm a contract.

2) What factors determine whether a covenant not to compete is legal or illegal?

Consideration Problems

Briefly answer the following questions.

1.  List the four types of consideration described in your readings.

2.  Can $1.00 be adequate consieration?  Why or why not?

3.  List the three exceptions to the preexisting-duty rule.

Judges – Elect or Appoint?

The citizens of each state elect state court judges.  The president appoints federal court judges for lifetime positions.

Please answer the following questions in a discussion format.  Respond to one other person’s discussion post.

1)  Why might this difference lead to different rulings on similar cases?

2)  Which method – election or appointment – do you like better and why?

3)  Should the current President of the United States appoint the next Justice of the US Supreme Court or our next President?  Why do you feel the way you do?

Discussion

Discuss a third-party contract that you were personally involved in and name the parties to the contract.