Week 3 Legal capacity, formalities, rights of withdrwal Flashcards
1
Q
How is it called if a person presumed not to be able to take care of their own interests?
A
legal incapacity
2
Q
Contract for necessaries in England
A
Minor is only bound to pay a reasonable price Sale of Good Act 1979, s. 3 (2)
3
Q
Persons who suffer from a mental disability and therefore declared incapable of entering into valid legal transaction
A
Curatelle
4
Q
Other party was in good faith
A
reasonable reliance
5
Q
Reason for formalities
A
- Warning
- information
- evidence
