Contracts

Is a contract for a credit card legal in Michigan or Florida if the customer is mentally retarded? If yes, is their a cutoff IQ or other variables?

Do I need a license to sell gift certificates or products for other companies on my website?

We have a legal separation with final divorce in November. Our home is on the market. I would like to sign a 'Contingency Contract on a home that I would like to purchase, can I do this?

We purchased a $50,000 mobile home 'as is'. After 6 months of using the air conditioning it started giving us problems. It was discovered when the previous company (their business is selling mobile homes and spaces in parks) painted the interior they operated the air conditioning unit and paint had clogged up the coils. Also, when they moved the unit the tray under the coils cracked the entire length of the tray and leaked for a long time (prior to our purchase) as there is a lot of rust and moisture is dripping on the electrical wires. We had to turn the unit off to be safe. <br/><br/>My question is - does full disclosure and material fact apply even when it is an 'As is' contract? We would not have purchased the unit as is if they had disclosed the problem with the AC unit. Because of the age of the unit in order the replace the furnace where the coils are, we may also have to replace the entire AC unit. About $7000.

How does one calculate a time period contained in a contract, for instance a two year time period when the effective date of the contract is March 5, 2007? Does the two year time period end on March 5, 2009 at midnight or does it extend to March 6, 2009?