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LGLA1351-Chapter 5

Basic Contract Law for Paralegals

AnswerQuestion
Children of tender years children between the ages of 7 and 14
Contractual capacity the statutory ability of a person to enter into a valid contract
Emancipation a minor no longer under the legal care of an adult
Majority adulthood; above legal age of consent
Malum in se bad in and of itself; against public morals
Malum prohibitum regulatory wrong; violates statute
Minority person under the legal age of consent
Natural infant a child under the age of seven
Necessaries food, clothing, shelter, and medical aid
Quasi-contract implied-in-law contract
Severability ability to separate a contract into its legal and illegal portions
Statute of frauds statute requiring certain types of contracts to be in writing
Usury rate of interest higher than the rate allowed by law
Created by: dawnbryant