What are the exceptions to capacity in contracts?
An example of an AI chatbot conversation about exceptions to capacity in contracts.
What are the exceptions to capacity in contracts?
In contract law, capacity refers to the legal ability of parties to enter into a contract. Exceptions include minors, mentally incapacitated individuals, and intoxicated persons.
Can you explain how minors are treated in contract law?
Minors typically cannot enter into binding contracts, but they can void contracts they enter into. There are exceptions for necessities like food and shelter.
What about contracts with mentally incapacitated individuals?
Contracts with mentally incapacitated individuals can be voided if the person was unable to understand the nature of the agreement at the time of signing.
Are there any exceptions for intoxicated persons?
Yes, if a person is intoxicated to the point of not understanding the contract, they may also have the right to void the contract.
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