Can or cannot disaffirm | Can or cannot disaffirm | Can or cannot disaffirm | Can or cannot disaffirm |
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What is Yes—can disaffirm
A contract made for non-necessaries by a party who lacks capacity?
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What is No—cannot disaffirm
A banking contract made by a minor?
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What is minority
A name for people under the age of 18
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What is non-necessaries
An action with the intent to be bound by a contract.
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What is Yes—can disaffirm
A contract made by a minor who lied about his or her age?
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What is Yes—can disaffirm
A contract made by a party who lacked capacity within a reasonable time after they attain capacity?
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What is mental incapacity
The test of whether a party understands the consequences of a contract
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What is non-necessaries
Which contracts by those lacking capacity can be disaffirmed?
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What is No—cannot disaffirm
A contract made to lease an apartment?
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What is No—cannot disaffirm
A contract that has been ratified?
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What is Necessaries
Items that are required to maintain life and lifestyle
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What is Intoxication is a voluntary act.
Why are courts reluctant to allow disaffirmance for intoxication?
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What is No—cannot disaffirm
A contract made by a minor who engages in business or trade?
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What is No—cannot disaffirm
A contract for life insurance made by a minor?
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What is contractual capacity
The ability to understand that a contract is being made and its general meaning.
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What is Yes—can disaffirm
A contract made by a minor to sell real property before achieving majority?
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What is Disaffirmance
The giving back of consideration by both parties.
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