MGSC30H3 Chapter Notes -Ultra Vires, Perjury, W. M. Keck Observatory
Document Summary
A person cannot enter a contract unless they have the legal power to give consent (ie: 10 year old who is able to understand, read, and sign a contractual document may not be legally bound by it). To protect specific groups of people, the law has drawn a distinction between those who have the capacity to contract and those who do not. Capacity is the legal power to give consent; the ability to understand the nature and consequences of their acts. 7 groups of people who have no capacity or limited capacity to create a contract: personal incapacity, minors in law. Minors are people who have not reached the age of majority. Age of majority is the age at which a person id held fully accountable. Voidable is when a minor is entitled to avoid the legal obligations that the contract would have otherwise created.
