MGMT-2007EL Chapter Notes - Chapter 7: Natural Person, Insurable Interest, Indian Register
23 Sep 2018
School
Department
Course
Professor
Document Summary
Chapter 7 the ele(cid:373)e(cid:374)ts of a co(cid:374)tra(cid:272)t: Minors (infants) persons under the age of majority (was 21 at common law, but has been reduced by statute to 18 or 19, depending on the province) It is important to distinguish between the actual incapacity of a child who is incapable of understanding what is happening, and the artificial incapacity imposed on youth who is a functioning member of society. Special problems arise when dealing with contracts made online, such as: The law with respect to capacity will be determined by the jurisdiction where the contract is created, which is sometimes not clear. Also, there is no way for online merchants to know the personal characteristics of the parties with whom they are dealing. Except in british columbia, minors are bound by contracts for the acquisition of necessaries and by contracts of employment, or for service, that benefit the minor .
