Describe legal capacity and discuss how it applies to minors ...

[segrsyd]

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.

[ntsoane kedibone]

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]

Gracias!

[kishoreddi]

YES! Correct, THANKS for helping me on my review