Business Ethics Ch. 10

Topics: Contract, Contract law, Breach of contract Pages: 4 (1198 words) Published: April 21, 2012
1.Rebuttable presumption

2.To protect them from adults who might take advantage of young people who do not fully understand their obligations.

3.21 years of age.

4.In 1971, the voting age was lowered the voting age from 21 to 18. To avoid the confusion that would result from having two voting ages, the states started to enact new laws that enabled 18-year-olds to vote in state and local elections.

5.Minors, who become emancipated, that is, no longer under the control of their parents, are responsible for their contracts. Abandoned minors are no longer protected from liability on their contracts, merchants are still reluctant to deal with them on a credit basis, fearing that they may still attempt to disaffirm, or repudiate, their contracted debts.

6.Some jurisdictions do not permit the minor to get away with the lie. Some states require the minor to place the adult party to the contract in the same situation that he or she was in before the contract. Others allow the adult to use tort law, rather than contract law, to sue the minor for fraud.

7.If a minor makes a contract for necessaries, he or she will be liable for the fair value of those necessaries. Despite the general tenor of this principle, if the necessaries have already been provided to the minor by parents of others, the rule does not apply. In addition, not everything that a party claims as a necessary will actually be a necessary. To determine whether goods and services qualify as genuine necessaries, the court will inquire into the minor’s family status, financial strength, and social standing or station in life. Necessaries, then, are not the same to all persons.

8.For public policy reasons, minors may not at their option disaffirm a valid marriage or repudiate an enlistment contract in the armed forces based on a claim of incapacity to contract. Neither may a minor repudiate payments for inoculations and vaccinations required for attendance at a university or college or...
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