About This Chapter
Below is a sample breakdown of the Capacity in Contract Law chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.
|Day||Topics||Key Terms and Concepts Covered|
|Monday||Capacity||Factors affecting an individual's ability to legally enter into a contract|
|Tuesday||Contracts with minors||Conditions permitting contracts with individuals under 18 years of age|
|Wednesday||Types of mental incapacity||Conditions rendering an individual mentally ill, including schizophrenia, senility, Alzheimer's disease, mental retardation and substance dependency|
|Thursday||Standards for mental incapacity||Methods for proving mental incapacity, such as cognitive or affective testing and motivational testing|
|Friday||Capacity of intoxicated individuals||Examples of enforceable and voidable contracts with intoxicated individuals|
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.
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