A | B |
Minor | Under the age of majority |
Contractual Capacity | Ability to understand that a contract is being made and its general meaning |
Necessaries | Things needed to maintain life and lifestyle |
Non-necessaries | Things that for people are relative luxuries |
Disaffirmance | Giving back the consideration by both parties |
Ratification | Acting towad the contractas though one intends to be bound by it |
Minority | Under 18 in most states |
Age of majority | 18 in most states |
Emancipation | Severing od the child-parent relationship |
Mental incapacity | Declared incompetent by court |
Intoxication | Arise from using alcohol |
Scope of authority | Within the range of acts the organization has authorized |
Alien | A person who is living in this country but owes allegiance to another country is called a(n) |
Capacity | Legal ability to enter a contract |
Disaffirm | Avoid a contract |
Guardian | A person who looks after the affairs of an incomperent person |
Infancy | Another word meaning minority |
Majority | A person is no longer a minor when he or she reaches the age of |
Ratify | Give formal approval |