LAW 122 Lecture Notes - Lecture 8: Unconscionability, Perjury, Convenience Store

• School: Ryerson University
• Department: Law and Business
• Course: LAW 122
• Professor: Leigh Lampert

Document Summary

7 groups of persons who may have no capacity (legal power to give consent) or only limited capacity to create a contract: Personal incapacity: minors: person under the age of majority. The age of majority is the age at which a person is held fully accountable in law. Age varies between jurisdictions (18-19) (ontario is 18) The law"s approach shields minors from exploitation and the consequences of their own inexperience. A contract is voidable if a minor is entitled to avoid the legal obligations that the contract would have otherwise created. Rule also applies if minor appeared older: if contract is voidable, minors may elect to avoid contractual liability. If so, they are relived of all future liabilities under the contract. He can be sued for the rent that accumulated before the contract was voided. A contract is enforceable: policy ensuring minors basic. > return benefits needs of life: categories of enforceable contracts.