ch.8: made by bia Flashcards

1
Q

Who does not have the legal capacity to enter contracts?

A

minors, people recognized by the court (mental disabilities), unincorporated groups ( uni clubs ), enemies, indigenous people in the reserve

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2
Q

What is an avoidable contract

A

the party can bring to an end

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3
Q

What is a void contract

A

involving defect that is substantial

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4
Q

What are the three types of mental incapacity to enter a contract

A
  1. Recognized by the jury ( VOID )
  2. Not Recognized by the Jury but unfair ( VOIDABLE )
    a) duress
    b) undue influence
    c) unconscionability
  3. Temporarily Mental incapacity
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5
Q

Best Buy sells a tv to a minor, can best buy get out of the contract because minors are not allowed to enter contracts?

A

No

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6
Q

Best Buy sells a tv to a minor, can its Dad make the kid return the tv for the money because minors are not allowed to enter contracts?

A

Yes

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7
Q

Are iPhones, Tv, and laptops, tech items considered necessities?

A

No

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8
Q

What are considered necessities that minors can get in contracts

A

food, clothes, and shelter

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9
Q

What are contracts that are enforceable with minors

A

purchase of necessities, beneficial employment (apprentice)

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10
Q

Define ratify

A

accept a contract

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11
Q

Define repudiate

A

reject a contract

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12
Q

If Jonny is a hockey player, under an apprenticeship contract. His contract is until the end of university when he is 21. He just reached the age of majority ( 18 ) yesterday, can he leave the contract he signed when he was a minor?

A

No

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13
Q

Brittany is a teenager, she loves to create many outfits. She goes to the mall and buys jeans on sale, with the policy of final sale. She goes home and her mom gets really mad because she has enough clothes. Can she void the contract she made with the store?

A

Yes.

1.

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14
Q

What is required to rebut the accusation of undue influence

A
  1. If no benefit was gained by the accused party: prove no benefit
  2. If some benefit was gained bt the accused party: prove Independent legal advice
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15
Q

Define undue influence

A

manipulation of other’s minds to get something out of it, compromising free will of choice

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16
Q

What is required to prove unconscionability?

A
  1. Substantial difference between parties
    - illiterate homeless and business undergrad
  2. Substantial Exploitation
17
Q

Define unconscionability

A

NOT THINKING
No rightminded person would offer,
No rightminded person would accept

18
Q

Define duress

A

Ilegal physical or economic harm that results in a contract

19
Q

Is not reading the contract unconscionable?

A

No, individuals should do their due diligence

20
Q

What are the characteristics of a MISREP?

A

1) false fact
2) unambiguous
3) the reason why the individual got in the contract

21
Q

Doug selling his car says: I think this is a reliable car and it does not need any repairs.
(it is not actually), can I get the contract void for misstep?

A

No “ i think” = opinion