Chapter 8

Question 1

Legal Capacity

Answer 1

competence to bind oneself legally

Question 2

Repudiate

Answer 2

reject or declare an intention not to be bound by

Question 3

Minor/Infant

Answer 3

a person who has not attained the age of majority according to the law of his or her province

Question 4

Age of majority

Answer 4

the age at which a person is recognized as an adult according to the law of his or her province

Question 5

Guardian

Answer 5

a person appointed to manage the affairs of a minor in the place of his or her parents

Question 6

Necessaries

Answer 6

essential goods and services

Question 7

Beneficial Contract of sevices

Answer 7

contracts of employment or apprenticeship found to be for a minor’s benefit

Question 8

Voidable contract

Answer 8

a contract that may be rendered non-binding at the option of one of the parties

Question 9

Ratify

Answer 9

acknowledges and promises to perform

Question 10

Void

Answer 10

never formed in law

Question 11

Representative action

Answer 11

an action brought by one or more persons on behalf of a group having the same interest

Question 12

Aboriginal People

Answer 12

Canadian Indian, Inuit, and Métis peoples\

Question 13

First Nation

Answer 13

Canadian Indigenous people who are not Métis or Inuit

Question 14

Indian Bands

Answer 14

groups of Indian persons for whose benefit land or money are held by the Crown as described in the Indian Act

Question 15

Illegal

Answer 15

offends the public good or violates a statute

Question 16

Unenforceable

Answer 16

no court assistance or remedy is available to parties of the contract

Question 17

Severed

Answer 17

removed from the contract

Question 18

Wager

Answer 18

an agreement between two persons in which each has some probability of winning or losing

Question 19

Stakeholder

Answer 19

a person or organization that manages a betting arrangement for a fee and redistributes winnings

Question 20

Arbitration agreements

Answer 20

contracts that require all disputes to be resolved in arbitration, not the courts

Question 21

Agreement in restraint

Answer 21

agreements that restrict competition, also known as non-competition agreements, non-solicitation agreements, or restrictive covenants when they are included in a larger contract

Question 22

Restrictive Convenant

Answer 22

a term in restraint of trade, that is, a promise not to carry on a competing business activity

Question 23

Rebut

Answer 23

overcome