LAW 122 Chapter Notes -Transact, Personal Development, Fiduciary
10 Nov 2014
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Document Summary
We will look at several groups of person who may/may not give consent: minors: Minor = person under the age of majority. Age varies between jurisdictions (either 18 or 19). Age of majority is the age at which person is held fully accountable in law. Anyone under age of majority lacks capacity. Minor s contracts can either be voidable or enforceable. Therefore important for businesses that transact with minors to understand how the law operates: most minors contracts are voidable (ie. minor rents stereo equipment) Rule applies even if child appeared older: process of avoidance. Minor has option to accept or avoid contract. Must choose soon after reaching majority whether to avoid a contract entered into as a minor. Must return benefits if avoid contract- some contracts that minors cannot avoid and therefore are enforceable. Contracts for necessary goods and services such as food , clothing. Minors cannot avoid contracts of employment that are to their benefit: 2.
