Question: 1 . The third and 4 th elements required of a valid contract is Capacity and Legality. Please explain the concept of Capacity. Please include

1. The third and 4th elements required of a valid contract is Capacity and Legality. Please explain the concept of Capacity. Please include in your writing the following:
A. Minors and the disaffirmance of a contract. What kind of contracts can/can not a minor disaffirm? Exceptions to disaffirmance.
B. How does the court view capacity (intoxication and mental incompetence) regarding the validity of a contract?
2. The second half of the chapter talks about Legality....explain in detail in the second half of your narrative the concept of Legality and how the court determines legality, including the elements that make it illegal (what happens to contract when legality is not present?
A. What are unconscionable contracts and how does the court view these?
B. What are exculpatory clauses? Are they always enforceable (list exceptions if any)?

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