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chapter 9 law
| Term | Definition |
|---|---|
| age of majority to contract | typically 18 in most jurisdictions, at which point an individual gains full legal capacity to enter binding agreements |
| contractual capacity | the legal ability of a party to enter a binding agreement, requiring understanding of the terms and consequences |
| disaffirmance | the legal act of rejecting, repudiating, or canceling a voidable contract, commonly exercised by minors |
| emancipation | the fact or process of being set free from legal, social, or political restrictions |
| intoxication | a temporary, reversible condition caused by substances like alcohol or drugs that impair the central nervous system |
| mental incapacity | a legal and medical term referring to a person’s inability to understand the consequences of their actions |
| minor | generally defined as a person under the legal age of majority, typically 18 in most U.S. states and many countries. |
| minority | the smaller number or part, especially a number that is less than half the whole number |
| necessaries | the basic requirements of life, such as food and warmth |
| ratification | the action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid |
| scope of authority | the range of actions an agent is permitted to take on behalf of a principal |
Created by:
Mshaw27