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Law Chapter 9

TermDefinition
Age of majority to contract Typically 18 in most jurisdictions, at which an individual gains the capacity to enter into binding, enforceable agreements.
Contractual capacity Legal competence a person or entity entering a binding agreement, requiring them to understand the contract's terms and consequences.
Disaffirmance Legal act of repudiating, canceling, or voiding a voidable contract or transaction, commonly used by minors.
Emancipation The fact or process of being set free from legal, social, or political restrictions; liberation.
Intoxication The state of being intoxicated, especially by alcohol.
Mental incapacity Refers to a person's inability to manage their own affairs, care for themselves, or understand the consequences of their actions.
Minor Some 18 and under.
Minority State of being under the legal age of adulthood, typically 18. where you can not vote or take certain adult responsibilities.
Necessaries Defense or justification arguing that illegal action was taken to prevent a greater, imminent harm.
Ratification Action of signing or giving formal consent to a treaty, contract, or agreement making it officially valid.
Scope of authority Defines specific range of power, duties, and decision-making limits delegated to an agent, employee, or representative.
Created by: cgonzalez2800
 

 



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