Question: Chapter 13 is all about the next two elements of a valid contract: contractual capacity and genuine assent. Why does the law require that a

Chapter 13 is all about the next two elements of a valid contract: contractual capacity and genuine assent. Why does the law require that a person be of sound mind and genuinely assent to being a party to a contract? Why does the law protect minors and allow them to avoid their contractual obligations if they disaffirm the contract before turning the age of 18 or within a reasonable time afterward?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!