Session 7 - 13. Differentiate between the age of minority...

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Session 7 Chapters 8 and 9 Mutual Assent and Defective Agreement Contractual Capacity Chapter 8 Outcomes 1. Explain the nature of mutual assent. 2. Identify the ways that mutual assent can be destroyed. 3. List the elements that must be proved to establish fraud. 4. Identify those situations that can give rise to claims of passive fraud. 5. Distinguish between fraud and misrepresentation, and contrast the remedies available for each. 6. Discuss the difference between unilateral and bilateral mistake. 7. Judge which types of mistakes provide appropriate grounds for getting out of the contract. 8. Explain the nature of physical and emotional distress. 9. Explain the elements of economic duress. 10. Explain how the existence of a confidential relationship is a key factor in establishing undue influence. Major Concepts Mutual Assent Fraud and Misrepresentation Mistake Duress and Undue Influence Chapter 9 Outcomes 11. Describe the legal presumption regarding capacity. 12. Explain why the law allows minors to void contracts.
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Unformatted text preview: 13. Differentiate between the age of minority and the age of majority. 14. Explain how the Constitution affects the age of majority. 15. Distinguish between emancipation and abandonment. 16. Assess the liability of a minor who lies about his or her age. 17. Describe the legal liability of minors in contracts involving necessaries. 18. Identify exceptions to the general rule about minors and contracts. 19. Explain the effects of mental impairment on contractual capacity. 20. Discuss the contractual capacity of drugged or intoxicated persons. Major Concepts • Minors Rights and Obligations • Contractual Capacity of Minors • Persons with Mental Impairments and Persons Drugged or Intoxicated Assignments 1. Read the chapters. 2. Review PowerPoint slides for Chapter 8 and Chapter 9 . 3. Review the Key Terms. 4. Complete any postings on the discussion board. 5. Complete quizzes for Chapter 8 and Chapter 9 by deadline....
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This note was uploaded on 02/08/2010 for the course BUS 107 3.03671354 taught by Professor Diaz during the Spring '09 term at Strayer.

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Session 7 - 13. Differentiate between the age of minority...

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