Term
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Definition
| legally competent to do something(for example enter into a K) |
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Definition
| has not reached the age of 18 |
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| Necessities (Necessaries) |
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Definition
| things reasonably necessary to maintain a person's life - food, clothing, shelter, medical attention. |
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Term
| Minor's Entertainment and Sports K Act |
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Definition
| a law which allows a minor to enter into a certain K if approved by the court. |
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Term
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Definition
| typically, incompetent person can disaffirm - voidable. |
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Term
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Definition
| failed to disaffirm within a reasonable amount of time. Agreeing to a K which is not orignally properly made. |
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