Contractual Capacity
Explain how and when a minor may ratify a contract.
• Describe the liability of a minor who (1) disaffirms a
contract or (2) misrepresents his age.
• Define a “necessary” and explain how it affects the
contracts of a minor.
• Distinguish between the legal capacity of a person
under guardianship and a mentally incompetent
person who is not under guardianship.
• Explain the rule governing an intoxicated person’s
capacity to enter into a contract and contrast this
rule with the law governing minors and incompetent
persons.
