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LGLA1351-Chapter 5
Basic Contract Law for Paralegals
Answer | Question |
---|---|
Children of tender years | children between the ages of 7 and 14 |
Contractual capacity | the statutory ability of a person to enter into a valid contract |
Emancipation | a minor no longer under the legal care of an adult |
Majority | adulthood; above legal age of consent |
Malum in se | bad in and of itself; against public morals |
Malum prohibitum | regulatory wrong; violates statute |
Minority | person under the legal age of consent |
Natural infant | a child under the age of seven |
Necessaries | food, clothing, shelter, and medical aid |
Quasi-contract | implied-in-law contract |
Severability | ability to separate a contract into its legal and illegal portions |
Statute of frauds | statute requiring certain types of contracts to be in writing |
Usury | rate of interest higher than the rate allowed by law |