Management and Organizational Studies 2275A/B Chapter 7: Chapter 7 - Business Law 2275

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

Document Summary

Several categories of people identified as needing protection; protected by having their freedom to enter into contracts limited or in some cases, eliminated completely. Age of majority depends on province (18 or 19) Important to distinguish between the actual incapacity of a child who is incapable of understanding what is happening, and the artificial incapacity imposed on a youth who is a functioning member of society. Most problems relating to minors and contracts they have entered into arise in situations involving young people who are approaching the age of majority. Does not matter if the adult was under the impression that the other person was an adult or even that that person clearly understood the terms of the contract. Only question is whether the other person was under the statutory age of majority at the time the contract was created.