LAW 122 Chapter Notes - Chapter 10: Perjury, Fiduciary, Consumer Protection

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Document Summary

Person cant enter into a contract unless they have the legal power to give consent. Capacity is the legal power to give consent. Groups who may have no capacity; minors, mentally disabled persons, intoxicated persons, corporations, associations, public authorizes. Those who have not reached the age of majority minors. Age of majority age at which a person is held fully accountable in law. The laws approach, shields minors from exploitation and the consequences of their own inexperience. Agreement is voidable if two conditions are met ; Person must have been so drunk that they could not know or appreciate what they were doing. The other contractual party must have been alerted to the fact. Usually unincorporated business organizations including private clubs, religious societies. Certain types of contracts must be evidenced in writing. Requirements were made by old piece of english legislation statue of frauds.

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