Unformatted text preview: vary from state to state
Intoxicated Mentally Incompetent- i.e. permanently insane and temporarily insane Disaffirmance (Void)
If an adult wants to void a contract b/c they were a minor when the contract was formed they must disaffirm it once they reach the age of majority
(a member of the community) otherwise the contract is valid against them.
Fail to disaffirm (void contract) then it is on the person
i.e. Minor entered contract and once an adult continued withthe agreement after majority then it is a real agreement (ratify if try to void)
State will not enforce contract if it involves activity the state says illegal
Contracts Contrary to Public Policy
State has declined to enforce a contract that goes against public policy
The terms of contract are not illegal but could lead to bad results will go against other efforts in the state.
Special Offers/ Specific promises/ rewards
Special Offers- Companies have promotion for a free fur coat, but it was while supplies lasted but it was not specified; generally company is in
Specific Promises- Not anyone can accept an offer
Rewards- When sellers have rewards deals, the deals are subject to the terms put elsewhere
An offer made is valid against offerer once it is put in mail even if it is days before it is received be the offeree; and an acceptance is valid against
offeree once the reply is sent
About offer and acceptance; 2 parties in an exchange are...
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This note was uploaded on 02/07/2014 for the course LGS 200 taught by Professor Turner during the Spring '07 term at Alabama.
- Spring '07