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9.1_cj

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Contractual Capacity   ability to understand that a contract is being made and its general meaning  
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Age of majority to contract   age at which a person can be legally bound to contracts  
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Minor   individual under the age of majority (18 in most states)  
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Minority   minor part of a person's life (typically under the age of 18)  
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Necessaries   things needed to maintain life and lifestyle  
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Emancipation   severing the child-parent relationship  
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Mental Incapacity   condition in which a party to a contract is unable to understand the consequences of the contractual act  
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Intoxication   mental impairment caused by voluntary use of alcohol, drugs, or inhalants  
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Scope of authority   in employment law, range of acts an organization has authorized an employee to do; in agency, range of acts authorized by the principal  
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Disaffirmance   both parties to a contract return the consideration  
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Ratification   acting toward the contract as though one intends to be bound by it; principal's assent to unauthorized acts of an agent  
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