Management and Organizational Studies 2275A/B : Chapter 9- Legal Capacity to Contract and Requirement of Legality.docx

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: All

Document Summary

Chapter 9- legal capacity to contract and requirement of legality. Infant a person who has not reached the age of majority. And infant at common law is a person under 21 provinces lowered it to 18 or 19. Minors should not be bound to their promises. They are not liable for contract they negotiate. Law attempts to balance the protection of minors with the need to contract by making contracts for necessary items enforceable against a minor. If contract has been fully performed, then minor may be bound to agreement. If not fully performed, then agreement may be voidable at minor"s option. Any business that enters into a contract with a minor assumes the risk that minor might repudiate the agreement. Contracts of employment or apprenticeship are contracts considered to be beneficial to minors. Minor or infant may repudiate a contract at anytime. Once repudiated, minor is entitled to return any deposit paid.