About This Chapter
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- Students who have fallen behind in understanding legal capacity or working with contracts for minors
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- Students who prefer multiple ways of learning business content (visual or auditory)
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- Students who need an efficient way to learn about capacity in contract law
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How it works:
- Find videos in our course that cover what you need to learn or review.
- Press play and watch the video lesson.
- Refer to the video transcripts to reinforce your learning.
- Test your understanding of each lesson with short quizzes.
- Verify you're ready by completing the Capacity in Contract Law chapter exam.
Why it works:
- Study Efficiently: Skip what you know, review what you don't.
- Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
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Students will review:
This chapter helps students review the concepts in a Capacity in Contract Law unit of a standard college business course. Topics covered include:
- Legal capacity to enter a contract
- Contracts for minors
- Mental incapacity and contracts
- Contracts with intoxicated persons
1. Legal Capacity to Enter a Contract: Definition & Examples
One of the elements of a contract is capacity. Capacity means that a person is legally able to enter into a contract. There are several things that make a person legally able to do so, including age and state of mind.
2. About Contracts with Minors
It seems counterintuitive that a minor can enter a contract and be liable for its conditions, but there are instances when a minor is permitted to enter into a contract and is bound by its terms.
3. Mental Incapacity & Contracts: Definition & Examples
In contract law, capacity refers to one's legal ability to enter into an agreement. A person who lacks mental capacity cannot legally enter into a contract, thus making a contract voidable in most cases.
4. Incapacity & Contracts: Contracts with Intoxicated Persons
Incapacity in contract law generally means a person who is not mentally sound, which can include being intoxicated. Persons who are intoxicated cannot legally enter into a contract and intoxication thereby makes the contract voidable.
5. Incapacitation in Criminal Justice: Definition, Theory & Effect
In this lesson, we will discuss the function of incapacitation in our criminal justice system, how it is defined theoretically, how it has emerged as a practice historically, variations in how it is applied, and its effects on our societies.
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Other chapters within the Business Law: Help and Review course
- History of American Law: Help and Review
- Sources of Law: Help and Review
- Constitutional Law: Help and Review
- American Legal Systems: Help and Review
- Legal Procedures: Help and Review
- Contract Law Basics: Help and Review
- Contract Law and Third Party Beneficiaries: Help and Review
- Contracts - Assignment and Delegation: Help and Review
- Contracts - Statute of Frauds: Help and Review
- Contracts - Scopes and Meanings: Help and Review
- Contracts - Breach of Contract: Help and Review
- Contracts - Discharge of Contracts: Help and Review
- The Legal Environment: Help and Review
- Securities and Antitrust Law: Help and Review
- Property Law: Help and Review
- Employment and Labor Law: Help and Review
- Creditors' Rights: Help and Review
- Product Liability and Consumer Protection: Help and Review
- International Business Law: Help and Review
- Torts in Business Law: Help and Review
- The Role of Agency in Business Law: Help and Review
- Types of Business Organizations: Help and Review
- Sales & the Law: Help and Review
- Small Business Employment Law
- Consumer Protection
- Essentials of Contract Law
- Moral Philosophies & Business Ethics