Ch. 5: Legality of Subject Matter and Contractual Capacity

Question 1

children of tender years

Answer 1

children between the ages of 7 and 14

Question 2

contractual capacity

Answer 2

the statutory ability of a person to enter into a valid contract

Question 3

emancipation

Answer 3

a minor no longer under the legal care of an adult

Question 4

majority

Answer 4

adulthood; above legal age of consent

Question 5

malum in se

Answer 5

bad in and of itself; against public morals

Question 6

malum prohibitum

Answer 6

regulatory wrong; violates statute

Question 7

minority

Answer 7

person under the legal age of consent

Question 8

natural infant

Answer 8

a child under the age of seven

Question 9

necessaries

Answer 9

food, clothing, shelter, medical aid

Question 10

quasi-contract

Answer 10

implied-in-law contract

Question 11

severability

Answer 11

ability to separate a contract into its legal and illegal portions

Question 12

statute of frauds

Answer 12

statute requiring certain types of contracts to be in writing

Question 13

usury

Answer 13

rate of interest higher than the rate allowed by the law

Question 14

voidable contract

Answer 14

a contract capable of being avoided without being in breach of contract