LAW 122 Lecture Notes - Lecture 8: Consumer Protection, Undue Influence, Non Est Factum
16 Oct 2016
School
Department
Course
Professor
Document Summary
To protect oneself from someone claiming a contractual defect you advise the other party to seek legal advice. A person cannot entre into a contact unless they have legal power to give consent. Capacity is the legal power to give consent. Seven groups of persons who may have no capacity or only limited capacity to create a contract: minors. The age of majority is the age at which a person is held fully accountable in law. Those who have not reached the age of majority lacks capacity. The law shields minors from exploitation and the consequences of their own inexperience. Some contracts are voidable at the minor"s option it is voidable if a minor is entitled to avoid the legal obligations that the contract would have otherwise created. Not every contract with a minor is void. If a contract is voidable, minors may elect to avoid contractual liability. If so, they are relieved of all future liabilities under the contract.
