term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
What is a minor
Persons under the age of majority which is 18 or 19 depending on the province is considered a minor.
Are minors Bound by their agreements
No, unless the contract is for necessaries or benefit until contracts of service.
Are the adults with whom a minor is contract with bound?
Yes
Explain capacity
Special protections poor people that are more vulnerable than others
What is the difference between actual incapacity and artificial incapacity in a minor?
Actual capacity is a child whose incapable of understanding.Artificial capacity is imposed on persons who are legally minors but are actually functioning members of society.
Explain the test for capacity for minor
Was the person in question under the statutory age of majority at the time the contract was created.Doesn't matter if the person understood the terms of the contract.
Important for online Merchants to include and disclaimers in their online contract.
What are necessaries?
Things required to function in society. Such as food clothing lodging and transportation.
What is beneficial contracts of service?
Contracts that benefit the minor, such as a contract of employment.
What are the stipulations of contract for necessaries and beneficial contract of service?
Miners must pay only a reasonable price for necessaries.Miners must repay money borrowed and used for necessaries, such as student loans. Enter contract of employment are binding if on the whole they benefit the minor.
What happens on becoming an adult?
If the minor ratifies a contract after he becomes an ad old he will be bound by it.Some contracts must be repudiated once the minor becomes an adult to avoid obligations, such as contracts for land shares in corporations.
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!