Question

1_Trade Name Dilution is unauthorized use or imitation of another’s mark or name.

a)True

b)False

2_Two months before reaching the age of majority, Marcus bought a radar detector for $129.95. She paid cash. Nine months later, she sought to avoid the agreement. Marcus’s delay in avoiding the agreement

a)most likely constituted a ratification of the agreement

b)made her liable to the merchant for fraud

c)did not prevent her from avoiding the agreement

d)entitled her to only a partial refund of the purchase price

3_An agreement is unenforceable because of lack of consideration when

a)a person gives up his or her legal right

b)no promise is given or act completed for the offeror’s promise

c)consideration is inadequate

d)consideration in not in the form of money

4_

Thompson, a minor, bought headphones for her stereo from The Stereo Store. This agreement is

a)voidable by Thompson only

b)voidable by either party

c)oidable by the stereo store only

d)binding on both parties

5_Two months before reaching the age of majority, Marcus bought a radar detector for $129.95. She paid cash. Nine months later, she sought to avoid the agreement. Marcus’s delay in avoiding the agreement

a)most likely constituted a ratification of the agreement

b)made her liable to the merchant for fraud

c)did not prevent her from avoiding the agreement

d)entitled her to only a partial refund of the purchase price

Answer 1

1 True . it uses other name or marks in unauthorized manner to claim in the market

2 a)most likely constituted a ratification of the agreement

.it is not possible for Marcus to avoid the contract as he has attained the maturity age and person with good consent and sound mind can not deny in approving contract. Minors may ratify agreements they make with adults only after reaching majority.

3 b)no promise is given or act completed for the offeror’s promise

reason Performing or promising to perform an existing obligation is not consideration unless the offeree does something to what is required by the existing agreement.

4. a)voidable by Thompson only

reason Minors may usually disaffirm agreements they make any time before reaching majority or for a reasonable time thereafter.