What is the minor's duty of restoration in a disaffirmed contract?
What will be an ideal response?
Generally, a minor is obligated only to return the goods or property he or she has received from the adult in the condition it is in at the time of disaffirmance, even if the item has been consumed, lost, or destroyed or has depreciated in value by the time of disaffirmance. This rule, called the duty of restoration, is based on the rationale that if a minor had to place the adult in status quo upon disaffirmance of a contract, there would be no incentive for an adult not to deal with a minor.
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When communism collapsed, many of the communist countries lacked the legal structure required to protect property rights because all the property was earlier held by the state.
a. true b. false
When real property is subleased, the interest held by the sublessor is commonly called:
a. A double lease. b. A freehold lease. c. An assignment. d. A sandwich lease.