Exam 10: Capacity of the Parties

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Where voidable contracts with infants are concerned,the infant can only recover money they have paid to the other party if they can establish that there has been a total failure of consideration.

(True/False)
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A corporation is classified as an artificially created legal person with limited contractual capacity.

(True/False)
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What is the court's rationale for being reluctant to enforce a contract against a person under the age of 18 years? Do you agree with this rationale? Why or why not?

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The common law rules governing minors and contracts were replaced by the Minors Contracts (Miscellaneous Provisions)Act 1979 SA.

(True/False)
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Which case is authority for the principle that a trading contract will not be enforceable against a minor,even if the terms of the contract are beneficial?

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A contract with a minor which is enforceable and binding on both parties is called:

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The NSW Act makes infants liable in contract if:

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If the court decides that the goods are necessaries,the infant only has to pay a 'fair and reasonable' price for them.

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An individual under the age of 18 years is considered an infant.

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A contract becomes voidable if a contracting party becomes mentally ill after entering into the contract.

(True/False)
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Which of the following is NOT relevant to the validity of a beneficial contract of service with a minor?

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In what circumstances will a person be able to repudiate a contract entered into while intoxicated?

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The case of Steinberg v Scala (Leeds)Ltd [1923] 2 Ch 452 is an example of the principle that:

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Out of the following groups,who are NOT presumed to have limited contractual capacity?

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Which of the following types of contract will NOT be enforceable against a minor?

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Which of the following is LEAST likely to be considered a 'necessary' for a 17-year-old unemployed university student?

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