Save
Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chpt 16 Capacity

Kubasek Dynamic Business Law Chapter 16 Capacity and Legality

QuestionAnswer
adhesion contract A contract created by a party to an agreement that is presented to the other party on a take-it-or-leave-it bass. Such contracts are legal but are sometimes rescinded on the grounds of unconscionability and the absence of one party's free will to enter a
Capacity Persons over the age of majority 18, can enter into binding legal contracts; test Whether the person knows what they are doing or signing.
Disaffirm Contract Minors can Disafirm
affirming a Contract Minors can Affirm a Contract after 18
covenants not to compete An agreement not to compete against a Party for a set period of time within a designated geographic area.
Radication of contract implied radication after turning Age of majority 18
exculpatory Clause basically frees one party (usually the drafter) from all liability arising our of performance of the contract.
indivisble contract A contract that connot be divided and must be performed in its entirety.
in pari delicto In equal Fault
unconscionability Grounds for rescinding an unconscionable contract.
unconscionable one party has so much more bargaining power than the other party that the powerful party dictates the terms of the agreement and elminates the other party's free will.
usury The lending of money at an exorbitant or unlawful rate of interest. 10% max rate between private parties.
Legality of contract Can not enter into a contract for something illegal.
Limited Liability Causes need to be conscionable
Created by: tinafici
Popular Law sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards