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Unformatted text preview: Emancipation: the termination of a parent’s right to control a child and receive services and wages from him. Done through parent’s express or implied consent.-The mere fact that a minor is emancipated does not give him capacity to contract Time of Disaffirmance: Any contracts with minors may be disaffirmed as soon as the contract is formed, except if it deals with real estate. Ratification: the act of affirming the contract and surrendering the right to avoid the contract. Makes a contract valid from its inception. No formal requirements.- PAGE 381 -Duties upon Disaffirmance: must return the consideration!! Necessaries: Capacity of Mentally Impaired Persons Question #9 Minor has to bring the problem forward- Johnson cannot get the card back by asserting the boy’s lack of capacity. It was his mistake that he made not the minors....
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This note was uploaded on 11/17/2010 for the course BMGT 380 taught by Professor Mark during the Fall '08 term at Maryland.
- Fall '08
- Business Law