Chapter 9: Notes Outline

College Business Law
Chapter 9: Capacity to Enter into Contracts
Page118-124
I. Contracts of Minors

Define:

Minority/Infancy-

Majority-

1. Voidable Contracts

a. Returning the Merchandise

b. Misrepresenting Age

c. Disaffirming the Whole Contract

d. Disaffirming Contracts Made With Other Minors

2. Ratification of Minors’ Contracts

3. Contracts for Necessaries

4. Special Statutory Rules

II. Other Contractual Capacity Rules

1. Mentally Impaired Persons

2. Intoxicated Persons

3. Other Capacity Limitations

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