Chapter 9 Review Flashcards
Capacity of a Contract
Legal and mental ability to understand the nature of an enforceable agreement
What is Disaffirmance
Refusal from Incompetent party to carry out the term
Minor
a person under the age of minority
What is a guardian
Court-appointed adult who has custody and care of a incompetence party
Does a Minor have the right to obtain any consideration given to the adult
True or False
True
A minor can obtain the property from a minor if given to a third party
True or False
False
What is Ratify
Approve something
Necessaries
Things people need to live, shelter, food
Minors are responsible for payment for necessaries purchased from adults
True
Minors obligation to pay are based on the quasi contract
True or False
True
What is “Station in Life”
person’s economic status
Emancipated Minor
Minor not under the control and authority of his or her parents
Parents are liable Minor
True or False
False
Are minors liable for torts
Yes
Intoxicated persons are liable in quasi contract
True False
True
A person legally declared incompetent by a court can be liable for necessaries
True or False
True
A person only slightly intoxicated is not considered to be an incompetent party
True or False
True
The contract of mentally ill persons not adjudged incompetent by a court are voidable
True
A person not adjudged by a court as being incompetent and a person who has been adjucated by a court as being incompetent are both treated legally the same way
False
If an intoxicated person understands the consequences of contract she made, the agreement is enforceable despite the person’s intoxication
True
