Quiz6 Flashcards
Guardian
A person or entity appointed to look after a person. A guardian of a person
Minor
Also referred to as an infant; a person who under the age of majority, usually meaning under the age of 18. Someone who is not an adult
Conservator
A person or entity appointed to look after a persons assets a guardian of assets.
Guardian ad litem
A court appointed person to serve as an advocate, usually for a child, and to act in the best interest of that child during a specific hearing or specific litigation
Attorney in fact
One who stands in place of another. The person appointed to act for a person who executes a power of attorney
Necessities
Things that are considered indispensable to life, usually meant to be food, clothing and shelter
Emancipation
A declaration that a minor is no longer under the care of custody of parents or a guardian
Restitution
The return of something to the owner of it or to the person entitled to it. The act of making good or giving equivalency for any loss or damage or injury
Ratify
To validate a contract after it’s execution
Express ratification
To expressly state or write ones intent to honor a contract
Implied ratification
Ratification to honor a contract that is inferred from a party’s behavior, words, and action
Intoxicated
Under the influence of alcohol or drugs
Cognitive test
Mental incompetence determined by ones inability to understand the overall nature and consequences of a transaction
Volitional test
Mental incompetence determined by ones failure to act reasonable with respect to a particular transaction
Adjudicated incompetent
A courts determination that one is incompetent and cannot act in their own best interest
