MGSC30H3 Lecture Notes - Lecture 9: Parol Evidence Rule, Oral Contract, Student Loan
Document Summary
If they are exploiting, then they are voidable: other contracts are voidable, at the minor"s discretion (time"s up at age of majority, child stars. If below age of majority, you do not have capacity. Intoxication, mental incapacity: those who lack capacity due to some other temporary condition are in a similar position to minors, save that they are going to recover capacity sooner. If you make a contract and complete it, you can"t make it voidable because it is performed and completed: to be voidable they have to be ongoing. If contract must be performed within that year, it must be a written contract. If the statute applies, there must be some written record to support enforcement of the contract: again, the courts tend to be lenient here. In order for mistake to affect the creation of the contract, it must be material.
