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| the legal ability to enter into a contractual relationship |
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| when the person is no longer a minor. 18 years old |
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| occurs when a child's parent or legal guardian relinquishes legal right to exercise control over the child. |
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| the legal avoidance, or setting aside, of a contractual obligation |
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| items that fulfill basic needs, such as food, clothing, shelter, and medical services, at a level of value required to maintain the minor's standard of living or financial and social status |
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| the act of accepting and giving legal force to an obligation that previously was not enforceable. |
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| takes place when the individual, on reaching the age of majority, states orally or in writing that he or she intends to be bound by the contract |
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| takes place when the minor, on reaching the age of majority, indicates an intent to abide by the contract |
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| a lender who makes a loan at an interest rate above the lawful maximum |
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| sabbath laws that prohibit the formation or performance of certain contracts on a sunday. |
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| they are so unscrupulous or grossly unfair as to be "void of conscience" |
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| a contract written exclusively by one party (the dominant party, usually the seller or creditor) and presented to the other (the adhering party, usually the buyer or borrower) on a take-it-or-leave-it basis. |
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| clauses that release a party from liability in the event of monetary or physical injury no matter who is at fault. |
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