LAW 122 Chapter Notes - Chapter 10: Basic Writing
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3 Dec 2014
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Identify six types of parties that lack capacity or have limited capacity to contract. Distinguish between voidable and enforceable contracts with a minor. Explain what it means for a corporation to act beyond its capacity. Outline the types of contracts that must be evidenced in writing, state the basic writing reqs that must be proved, and summarize the legal effect of non- compliance. Determine when a contract is or is not frustrated. Economic duress: arises when person enters into contractual arrangement after being threatened force person to create contract with financial harm: economic pressure more likely to be illegitimate if made in bad faith, victim of pressure must show they could not have reasonably resisted, courts more sympathetic if victim started legal proceedings promptly after, likely to be involved if victim protested when presented with pressure, voidable if victim succumbed to pressure w/o legal advice.
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