Law 3101A/B Study Guide - Quiz Guide: Raw Image Format, Mental Disorder, Pro-Form
Document Summary
Legal capacity, formalities, and right of information & withdrawal. Chapter 5 : legal capacity of the parties. If you find any mistake, or imprecise content do not hesitate to point it it to me. Thank you: 1 legal capacity : ability of a natural person to enter into a valid legal transaction) People lacking the necessary understanding, judgement, or experience to enter into juridical acts, therefore ; lacking ability to enter into a contract. => legal incapacity ( minors, people having mental disorders) Legal incapacity : instrument to protect parties who are presumed not to be able to take care of their own interests. 1/ not all transactions can be invalidated, as in some cases it is not unusual to see a minor buying something. 2/ law must balance the interest between the protected party and the offeror/seller, because it is not always clear to the offeror that the other party is not capable of entering a such contract.
