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Author Question: Describe legal capacity and discuss how it applies to minors entering into and cancelling ... (Read 78 times)

segrsyd

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Describe legal capacity and discuss how it applies to minors entering into and cancelling contracts.

Question 2

If a country is willing to join a treaty but has an exception to the terms of the treaty, the exception is called a(n):
 A) ratification.
 B) signatory.
 C) reservation.
 D) abrogation.



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ntsoane kedibone

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Answer to Question 1

Capacity is the legal ability to enter into a contract. Two groups of people usually lack legal capacity: minors and those with a mental impairment. Because a minor lacks legal capacity, he or she can only create a voidable contract. This means that when a minor enters into a contract, he or she generally may choose between enforcing the agreement or negating it. A minor who wishes to escape from a contract generally may disaffirm it; that is, he may notify the other party that he refuses to be bound by the agreement. A minor may disaffirm a contract by simply telling the other party (orally or in writing) that he will not honor the deal. Or he may disaffirm a contract by refusing to perform his obligations under it. A minor may go further-he can undo a contract that has already been completed by filing a suit to rescind the contract; that is, to have a court formally cancel it.

Answer to Question 2

C




segrsyd

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Reply 2 on: Jun 24, 2018
:D TYSM


jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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