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Chapter 9 CONTRACTUAL

CAPACITY

Chapter Outcomes:

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Chapter 9 CONTRACTUAL
CAPACITY

Chapter Outcomes (continued):

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Chapter 9 CONTRACTUAL
CAPACITY

Chapter Outcomes (continued):

 
      

  
 
    
  

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Chapter 9 CONTRACTUAL
CAPACITY

Chapter Outcomes (continued):


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Chapter 9 CONTRACTUAL
CAPACITY

Chapter Outcomes (continued):

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]inors¶ Rights and Obligations

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A Question of Ethics
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Topic Quiz

Answer the following true/false questions:

 The legal ability to enter a


contract is known as capacity
TRUE
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Topic Quiz

Answer the following true/false questions:

 The law has established a


general presumption that
anyone entering a contract has
the legal capacity to do so TRUE
0
Topic Quiz

Answer the following true/false questions:

 An emancipated minor is one


who is no longer under control
of his or her parents
TRUE
0

Contractual Capacity of ]inors

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Topic Quiz
Answer the following true/false questions:

 An executory contract may not be


repudiated by a minor at any time
FALSE

The contract may be repudiated if they


have not been performed by both
parties
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Topic Quiz

Answer the following true/false questions:

 Necessaries are goods and


services that are essential to a
minor¶s health and welfare
TRUE
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Topic Quiz
Answer the following true/false questions:
 The protection granted to minors is so
complete that they can even repudiate
contracts for goods and services
required by law
FALSE

They may not repudiate contracts for


goods and services required by law
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Persons with ]ental


Impairments and Persons
Drugged or Intoxicated
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Topic Quiz
Answer the following true/false questions:

 A contract made by a mentally


impaired person is always voidable
FALSE

It may be valid depending on the


circumstances
0
Topic Quiz

Answer the following true/false questions:

 A contract made by a person


who has been declared insane
by competent legal authority is
always void
TRUE
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Topic Quiz
Answer the following true/false questions:

 A contract made by a person under the


influence of alcohol is always voidable
FALSE

There are instances where the contract


may be valid
SU]]ARY
0 The fourth element essential to a legally
effective contract is the legal ability to enter
into a contractual relationship

0 A contract made by a minor for necessaries is


enforceable against the minor

0 Contracts of persons who are mentally infirm


or mentally ill, but not legally declared
insane, may be valid or voidable, depending
on the seriousness of their mental problem
Chapter 0
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Chapter 0

Investigating on the Internet


  
  
 
 

  
 
  
  

    

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