ADMS 2610 Chapter Notes - Chapter 9: Ultra Vires, Insurable Interest, Prima Facie

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: William Pomerantz

Document Summary

Chapter 9: legal capacity to contract and the requirement of legality. Infant: a person who has not reached the age of majority. Certain classes of promisors must be protected as a mater of public policy, either for reasons if their inexperience and immaturity, or because of their inability to appreciate the nature of their acts in making enforceable promises. Enforceability of any contract for non-necessary goods will depend on whether the contract has been fully executed by the minor, or it has yet to be performed. Any business or merchant that decides to enter into a contract with a minor risks repudiaion from the minor. The law provides that an infant will be bound by contracts for necessaries, and will be liable for a reasonable price for the goods received or services. The efect of this rule is to permit a merchant to provide necessaries to an infant or minor, yet limit the infants liability to a reasonable price.