33:140:320 Lecture 11: Chapter 11
Document Summary
Contractual capacity- mental capacity required by law for party who enters into contract to be (cid:271)ou(cid:374)d (cid:271)(cid:455) that (cid:272)o(cid:374)t(cid:396)a(cid:272)t (cid:455)outh, i(cid:374)to(cid:454)i(cid:272)atio(cid:374), a(cid:374)d (cid:373)e(cid:374)tal i(cid:374)(cid:272)o(cid:373)pete(cid:374)(cid:272)e part. Age of majority is 18; a minor can make any contract but it is voidable. Disaffirmance- legal avoidance of contractual obligation; must disaffirm entire contract not a. Some cant be disaffirmed like marriage and enlistment. 3 met minor can normally disaffirm without being liable for reasonable value of the good. Yale diagnostic v estate of harun fountain u(cid:374)de(cid:396) do(cid:272)t(cid:396)i(cid:374)e of (cid:374)e(cid:272)essa(cid:396)ies (cid:455)ale (cid:272)ould (cid:272)olle(cid:272)t f(cid:396)o(cid:373) (cid:455)ouths estate if pa(cid:396)e(cid:374)ts do(cid:374)"t pa(cid:455) Parents liability not responsible unless contracts for necessaries. Blue laws- state or local laws that prohibit performance of certain types of commercial activities on sunday. Regulating and taxing certain businesses and protecting public. May still be enforceable depending on naturee of licensing statute. If pu(cid:396)pose to p(cid:396)ote(cid:272)t illegal a(cid:374)d u(cid:374)e(cid:374)fo(cid:396)(cid:272)ea(cid:271)le if to (cid:396)aise gove(cid:396)(cid:374)(cid:373)e(cid:374)t (cid:396)eve(cid:374)ues it is enforceable but unlicensed usually fined.
