Legal Capacity

A person can have contractual capacity even if he or she cannot understand the wording of a contract.

• True

• False

Minority ends the day before the birthday of the age set as the age of majority.

• True

• False

As soon as a person reaches the age of majority the legal power to disaffirm a contract is immediately ended.

• True

• False

Ratification can never occur before the age of majority to contract.

• True

• False

For the voluntarily intoxicated, disaffirmance is only allowed if they did not even know they were making the contract.

• True

• False

Emancipated minors may lose the power to disaffirm their contracts.

• True

• False

Employees acting outside the scope of their authority are generally personally liable whether their employer is or not

• True

• False

In most jurisdictions, even if a minor cannot return everything that was received under a contract, the minor will receive back everything she or he put into the bargain

• True

• False

The party lacking capacity can generally disaffirm contracts for non-necessaries or, as an alternative, can enforce them against the party with capacity.

• True

• False

Minors are not usually liable for their torts.

• True

• False