Chapter 14 & 15

1. Define a necessity and explain how it affects the contracts of a minor.

1a.How and when may a minor ratify a contract?

2. What is the difference between the legal capacity of a person under guardianshipand a mentally incompetent person who is not underguardianship.

3. What is the rule governing an intoxicated person's capacity toenter into a contract? What do you think?

4. Identify and discussthreetypesof general contracts coveredby the statute of frauds and the contracts covered by the

Uniform Commercial Code (UCC) statute of frauds' provisions.

5. Explain the parol evidence rule and identify the situations towhich the rule does not apply