Question: With some exceptions, a contract between a minor and an adult is not binding on the minor unless, after attaining majority, the minor ratifies the

"With some exceptions, a contract between a minor and an adult is not binding on the minor unless, after attaining majority, the minor ratifies the contract" (Poole's casebook, p.192). Please explain the rationale behind the common law position on minors' capacity to contract.

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 Law Questions!

Q:

Question 1 "With some exceptions, a contract between a minor and an adult is not binding on the minor unless, after attaining majority, the minor ratifies the contract" (Poole's casebook, p.192)....

Q:

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Q:

is it True (T) or False (F)? 1. All agreements are contracts, but not all contracts are agreements. T F 2. All contracts are agreements and all agreements are contracts. T F 3. Written contracts must...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

For a contract to be valid, the parties must have legal capacity to contract. Capacity is the legal ability to enter into a contract. Society does not want to hold vulnerable parties to obligations...

Q:

For a contract to be valid, the parties must have legal capacity to contract. Capacity is the legal ability to enter into a contract. Society does not want to hold vulnerable parties to obligations...

Q:

Please assist with these Which of the following is incorrect about consideration? O In a unilateral contract, the promisee must communicate acceptance before performance. O An act of not doing...

Q:

Chapter 6 Defusing Negligence Liability Earlier in this book we discussed the concept of legal fault (blame) and legal obligation (liability). This chapter is devoted to the concept of managing the...

Q:

Donovan Plaza is a 35,000 square foot office building. Analyze six (6) years of data beginning January, 2020. Inflation Recoveries and Inflation will be done on a fiscal basis. General Inflation...

Q:

1. What horsepower is developed by an engine with torque 400 lb ft at 4500 rpm? 2. What torque must be applied to develop 175 ft lb/s of power in a motor if = 394 rpm? 3. Find the angular velocity...

Q:

Find the derivative o f the following function. y = - 4 ( 3 x 3 + 5 ) 4 d y d x =

Q:

The smith company management would like to know the total sales units that are required for the company to earn a profit of $ 150000. The following data are available. The unit selling price of $50,...

Q:

Sax Co. sells insurance, and it has recently become a listed company. In accordance with corporate governance guidelines, the finance director of Sax is reviewing the companys corporate governance...

Q:

1. What combination of keys will autofill highlighted cells to the right? CTRL + R (PC and Mac) CTRL + D (PC and Mac) ALT + R (PC) / Alt + R (Mac) ATL + D (PC)/ Alt + D (Mac) 2. What combination...

Q:

A shop sells products X and Y for $5 and $ 6 respectively. At the end of the month, the shop sold 800 units and the revenue is $4500. How many units sold of X and Y?

Q:

A pair of well-balanced dice are rolled, and the number on each die is noted. Determine the probability that the sum of the numbers that turn up is:(i) 7, (ii) 7 or 11, (iii) greater than 3.

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

1. Start with a leader that you want to model. a. What is the stated purpose of this person? b. What is the vision of this person? c. How does he seek to achieve his purpose and vision? d. What does...

Q:

2. Now change the performance so that you play out the dream in your inner the-atre. Apply colours to the images you envision. Give some pictures a stronger colour than others and vice versa. Also...

Q:

1. Imagine that you have already achieved a dream or a goal you have set for yourself. Both the goal and the dream correspond to your basic values. Try to visualize this dream or goal. What do you...