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Final

BLAW FINAL EXAM NOTES (got 93% on the test)

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Department
Business Law
Course
BLAW 3201
Professor
All Professors
Semester
Winter

Description
CHAPTER14CONTRACTUALCAPACITYAMinors4LiabilityforTortConnectedwithContract1LiabilityonContractsBIncompetentPersonsaDisaffirmance1PersonUnderGuardianshipbRatification2MentalIllnessor2LiabilityforDefectNecessariesCIntoxicatedPersons3LiabilityforMisrepresentationofAgeIntroductionAbindingpromiseoragreementrequiresthatthepartiestotheagreementhavecontractualcapacityPersonswhoarelegallylimitedintheircapacitytocontractincludeminorsincompetentpersonsandintoxicatedpersonsAMinorsapersonwhoisundertheageof181LiabilityoncontractsAminorscontractwhetherexecutoryorexecutedisusuallyvoidableathisorherguardianoptionsCase1BergvTraylorCase2InreTheScoreBoardIncaDisaffirmanceeitherexpressorimpliedaslongasitshowsanintentionnottobeboundAminormaydisaffirmmostcontractsatanytimebeforereachingtheageofmajorityandinsomecaseswithinareasonabletimeafterreachtheageofmajorityifshedidnotratifythecontractaftershecameofagebRatificationafteraminorbecomesofageshemaychoosetoadoptorratifyacontractwhichmakesthecontractbindingabinitiofromthebeginning2LiabilityforNecessariesContractualincapacityphysicalmentalinabilitydoesnotexcuseaminorfromanobligationtopayareasonablevaluefornecessariesthingsthatsupplyhispersonneedssuchasfoodsheltermedicineandclothingCase3ZelnicevAdams3LiabilityforMisrepresentationofAgeMoststatesallowaminorwholiesaboutheragetodisaffirmacontractbuteitherarequirerestitutionorballowthedefraudedpartytorecoverdamagesagainsttheminorintortSomestateshoweverprohibitdisaffirmanceifaminormisrepresentsherageandtheadultingoodfaithreasonablyreliesonthemisrepresentation4LiabilityforTortConnectedwithContractAminorwhocommitsatortthatissogreatlyinterwovenwithandconnectedtoacontractmaynotbeliablefortheresultsofhistortiousconductIftheminorviolatesthecontractincommittingthetortitmaybepossibletorecoverdamagesfromthetortwithoutenforcingthecontractBIncompetentPersons1PersonUnderGuardianshipContractsmadebyapersonplacedunderguardianshipbycourtorderarevoidApartydealingwithanindividualunderguardianshipmaybeabletorecoverthefairvalueofanynecessariesprovided2MentalIllnessorDefectAcontractenteredintobyamentallyincompetentpersononewhoisunabletounderstandthenatureandconsequencesofhisactsisvoidableSomestatesandtheRestatementalsorecognizementalincompetenceifthementalconditionimpairsapersonsabilitytoactinareasonablemannerandthecontractisgrosslyunfairLikeminorsandpersonsunderguardianshipanincompetentpersonisliablefornecessariesfurnishedhimontheprincipleofquasicontracttheamountofrecoverybeingthereasonablevalueofthegoodsorserviceCIntoxicatedPersonsvoidableAcontractenteredintobyanintoxicatedpersonisiftheintoxicatedpartyhasreasontoknowthatbecauseofintoxicationtheotherpersonisunabletounderstandthenatureandconsequencesofhisactionsorisunabletoactinareasonablemannerLikeincompetentpersonintoxicatedpersonsareliableinquasicontractfornecessariesfurnishedduringtheirincapacityCase4FirstStateBankofSinaivHylandChapter15ContractsinWritingI Statute of Fraudsb Specially Manufactured GoodsA Contracts Within the Statute of Fraudsc Delivery or Payment and Acceptance1 Electronic Records8 Modification or Rescission of Contracts 2 Suretyship ProvisionWithin the Statute of Fraudsa Original PromiseB Compliance with the Statute of Fraudsb Main Purpose Doctrine1 General Contracts Provisionsc Promise Made to Debtor2 Sale of Goods3 ExecutorAdministrator ProvisionC Effect of Noncompliance4 Marriage Provision1 Full Performance5 Land Contract Provision2 Restitution6 OneYear Provision3 Promissory Estoppela The Possibility TestII Parol Evidence Ruleb Computation of TimeA The Rulec Full Performance by One PartyB Situations to Which the Rule Does Not Apply7 Sales of GoodsC Supplemental Evidencea AdmissionIII Interpretation of Contracts
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