UGBA 175 Lecture Notes - Lecture 13: Cognitive Test

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 175
• Professor: Alan Ross Alan

Document Summary

Contracts are voidable by the minor or the guardian (you can have a guardian if under 18) You cannot enter into contract if you are too young, because there is no meeting of the minds vo)d (cid:523)depends on the kid"s comprehension(cid:524) The law only requires you know that you are entering a contract (do not need to understand the contract) So long as you return any part (ex. Of a car), you can get your money back. Now: you pay for what you used already; only recover a small percentage. Ratification can be either (1) express or (2) implied by contact. Necessaries depend on the person (a fisherman needs a boat) Iq from doctor; traditional cognitive test is a form of an iq test. Court appoints guardian (parents can be guardian) Mental illness does not have to previously diagnosed or long term/ permanent.