Book Opener

Consider the key terms in the list below. Then use these terms tocomplete the following exercises.capacityratifymajorityminorminorityabandonedemancipatednecessariesguardianaliens1. Write a one- to two-page report explaining contractual capacity toanother classmate. Use the key terms listed above in your report.2. Ask a classmate to critique your report, making sure it was easy toread and understand.3. Use your classmate’s suggestions to improve your report.4. Share your revised report with your classmates.5. As a class, vote to select the best report.6. Post the winning report somewhere in the class.Self-Check Quiz Visitthe UnderstandingBusiness and PersonalLaw Web site atubpl.glencoe.com andclick on Chapter 7:Contractual Capacity—Self-Check Quizzesto prepare for thechapter exam.Answer the following questions. Refer to the chapter for additional reinforcement.7. What are the two age-related milestones that many states have?8. Why does the law shield minors in the making of their contracts?9. May a minor affirm and disaffirm parts of the same contract? Explain your answer.10. May a minor avoid a contract with another minor? Why or why not?11. Are intoxicated persons always able to disaffirm their contracts? Explain your answer.12. What is an emancipated minor?13. What are necessaries?14. What is capacity?15. When are the contracts of a mentally impaired person considered valid?Chapter 7: Contractual Capacity 159