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9.1-9.2_cj

9.1_cj

QuestionAnswer
Contractual Capacity ability to understand that a contract is being made and its general meaning
Age of majority to contract age at which a person can be legally bound to contracts
Minor individual under the age of majority (18 in most states)
Minority minor part of a person's life (typically under the age of 18)
Necessaries things needed to maintain life and lifestyle
Emancipation severing the child-parent relationship
Mental Incapacity condition in which a party to a contract is unable to understand the consequences of the contractual act
Intoxication mental impairment caused by voluntary use of alcohol, drugs, or inhalants
Scope of authority in employment law, range of acts an organization has authorized an employee to do; in agency, range of acts authorized by the principal
Disaffirmance both parties to a contract return the consideration
Ratification acting toward the contract as though one intends to be bound by it; principal's assent to unauthorized acts of an agent
Created by: Chanse.j_
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