LAW 122 Lecture Notes - Lecture 9: Fiduciary, Ultra Vires, Indian Act
15 Apr 2017
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Contractual defects are significant because they provide one of the parties with a defence when the other party commences a lawsuit. A person can"t enter a contract unless they have the legal power to give consent. The law has drawn a distinction between those who have the capacity to contract and those who don"t. Capacity is the legal power to give consent. The law distinguishes between minors and those who have reached the age of majority (when you"re fully accountable in law). Those who haven"t reached that age are minors. In ab, sk, mn, and on, the age is 18 years old. In nl, nb, and bc, it"s 19 years old. Some contracts are voidable at the minor"s option (not every contract. A contract is voidable if a minor is entitled to avoid the legal obligations that the contract would have otherwise created.
