Chapter 12 Assignment

Chapter 12 Assignment - capacity to enter into the contract...

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Kathleen Basurto 4/19/2016 Business Law-2211-NET04 Instructor – Susan Horn Case 12.3 – Infancy Doctrine Question 1: Is Finish Line’s arbitration agreement voidable by Lindsey under the infancy doctrine? The arbitration is voidable by Lindsey under the infancy doctrine. She was 16 years old, a minor and according to the law, lacked the capacity to contract. Under the infancy doctrine, she has the right to disaffirm the contract. She did just that the moment her parents acted on her behalf and filed a claim against the Finish Line. I now understand why a pager company was so understanding as to not pursue my 15 year old son when he entered into a contract with them and failed to make the payments for service provided. Case 12.4 – Capacity to Contract Question 1: Does Carr, because of her mental diseases of schizophrenia and depression, lack the mental
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Unformatted text preview: capacity to enter into the contract with Campbell? Although it is not clear if Carr was symptomatic at the time the contract was entered into, one could come to the conclusion that she may have lacked the mental capacity to enter into the contract with Campbell. The Campbell’s had leased the land for many years and should have had some knowledge as to the real value of the property. Carr had inquired of the Campbell’s as to what the value of the property was, and based on their own testimony gave information related to the agricultural value of the property. There was a stark difference between the agricultural value of $54,000 and the real value of $ 162,000 and this most likely had a larger basis for the decision by the court to appeals to deem the contract unenforceable....
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