{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

22download_doc-13.php

22download_doc-13.php - L293 Chapter 14 • Capacity to...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: L293 (3/4/2009) Chapter 14 • Capacity to Contract • Definition o The ability to consent The ability to incur legal obligations and acquire legal rights • The Lack of Capacity o Groups lacking capacity: Minors Those suffering a mental disability Those who are intoxicated (sometimes) o Effect -- a person who contracts without the requisite capacity may avoid the contract at his/her option • Minor’s Right to Disaffirm o Right to avoid a contract is disaffirmance Only the minor may avoid the contract o Example of disaffirmance: Stroupes v. The Finish Line, Inc. o If minor wants to affirm the contract, adult party must perform • Details About Disaffirmance o Minors may not avoid contracts if statutory exception exists: Marriage, educational loans, insurance o An exculpatory clause signed by a parent does not necessarily waive the minor’s...
View Full Document

{[ snackBarMessage ]}

Page1 / 2

22download_doc-13.php - L293 Chapter 14 • Capacity to...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online