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GENB 4350 CH 10
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a person of legal age and at least normal mentality who is considered by law to be capable of understanding the meaning of a contract
competent party
the ability to make a valid contract
contractual capacity
a person who has not yet reached the age of majority
minor
the age at which a person is legally recognized as an adult and bound by the terms of a contract
age of makority
in common law, the view that a person's legal birthday is 12:01 am of the day before their actual birthday
coming of age rule
the modern view that a person attains a given age on the anniversary date of his or her birthday
birthday rule
in contract law, to indicate by a statement or act an intent not o live up to the terms of a contract
disaffirmance
goods a nd servicaes that are essential to a minor's health and welfare
necessaries
an approval of a contract made by a minor after reaching majority
ratified
in contractual law, the condition that exists when minors are no longer inder control of their parents and are responsible for their contracts
emancipation
in contract law, the condition that exists when a minor has left home and given up all rights to parental support
abandonment
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Author
dariusnavy
ID
162862
Card Set
GENB 4350 CH 10
Description
GENB 4350 CH 10
Updated
2012-07-17T18:29:35Z
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