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11 Cards in this Set
- Front
- Back
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Minor
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not attained age of legal majority
CL was 21, bt statute changed it to 18 voidable at guardians/minors option |
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emancipated minor
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may avoid contractual liability
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disaffirmance
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power of avoidance
voidable at minor's option may be express or implied |
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ratify
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surrenders power of avoidance and becomes bound
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ab initio
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binding "from the beginning" (ratification)
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Ways of ratification
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may be express, implied from conduct, or represent the failure to make timely disaffirmance
must be of majority |
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necessities
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minors must pay for necessities
difficult |
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under guardship
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contracts are void
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under mental illness or defect
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voidable
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incompentent
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voidable
liable for necessaries furnished to him on quasi contract may ratify or disaffirm voidable contract after being comptent |
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intoxicated people
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voidable
must act promptly to disaffirm |
