Ch. 14 Flashcards
0
Q
Disaffirmance
A
Releases the minor from any liability on the contract
1
Q
Minor
A
A person who has not attained the age of legal majority
2
Q
Ratification can occur in 3 ways:
A
- ) Express language
- ) Implied from conduct
- ) Failure to make a timely disaffirmance
3
Q
Necessaries
A
Things, such as food, shelter, medicine, and clothing, that supply his personal needs
4
Q
If a person is under Guardianship by court order, her contracts are _______.
A
Void and of no legal effect
5
Q
If a person lacks mental capacity, or is mentally incompetent, the contract is _______.
A
Voidable
