Homework Assignment #11
The following questions relate to the material covered in Chapter 14 concerning Contractual Capacity and Legality. The Chapter 14 lecture notes are HERE
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and also in the Files folder, under Lecture Notes.
1. What is contractual capacity?
2. What is the Infancy Doctrine?
3. Under the law, which persons possess the ability to enter into contracts? Why?
4. What are a minor’s options if she enters into a contract?
5. If a minor decides to disaffirm a contract, when should she disaffirm?
6. Can a minor disaffirm all contracts?
7. What is a meant by “a minor’s duty of restoration?”
8. What is meant by a “Minor’s duty of restitution?”
9. When does a minor have a duty of restitution?
10. The acceptance of a contract by a minor is referred to as ___________________________.
11. When must a minor accept a contract?
12. What are the 2 standards of insanity?
13. What are the obligations of the parties to the contract under each of these insanity standards?
14. Which of the contracting parties is able to enforce a contract that lacks a lawful object?
15. What is the effect of a contract that lacks a lawful object but is partially performed (i.e. an executory contract)?
