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In most states legal prodigals cannot be party to contracts. Prodigals are considered to be those who spend money in a very irresponsible manner.
Wiki User
∙ 9y ago
Prodigals are individuals who are unable to manage their finances responsibly due to mental incapacity or impulsiveness. They may lack the contractual capacity to enter into binding agreements because they cannot fully understand the implications of their actions. As a result, their contracts may be voidable if it can be shown that they were not in a sound state of mind when entering into the agreement.
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Describe how statutes affect contractual terms?
Statutes can override or supplement contractual terms by providing additional requirements or limitations. For example, statutes may impose consumer protection regulations or require specific disclosures in contracts. Courts will generally enforce statutory provisions over conflicting contractual terms to ensure compliance with the law.
What is a non contractual civil wrong?
A non-contractual civil wrong, also known as a tort, is a legal wrongdoing that causes harm or loss to another person or their property. Examples include negligence, defamation, and trespass. Unlike contractual disputes, tort claims are based on common law principles rather than specific agreements.
Which a court would uphold a contractual obligation?
A court would uphold a contractual obligation if the contract is legally valid (meeting all requirements of a valid contract), clearly outlines the obligations of both parties, and was entered into willingly by both parties without coercion or fraud. Additionally, the terms of the contract must be legal and not against public policy.
Is a breach of contractual duty a tort?
A breach of contractual duty is not considered a tort, but rather a breach of contract. Tort law deals with civil wrongs that cause harm to individuals or property, while contract law involves violations of agreements between parties.
What has not been important contractual topic between states?
In the past, one less important contractual topic between states has been the regulation of space tourism and space travel. This is a rapidly evolving area of law and agreements between states have been limited in addressing the various legal, safety, and liability issues associated with commercial space activities.
Contractual capacity in Egypt?
Contractual capacity in Egypt
What is the contractual capacity for minors in Wisconsin?
!1,000000000
What are the concquences if a person who has no contractual capacity enters into a contract?
The contract can be declared void. The party must either re-affirm the agreement when the do have contractual capacity or it remains void.
Age of majority and contractual capacity in South Africa?
21
What is contractual capacity of an insane person?
an insane person has no contratual capacity once declared by a competent court. hid contractual transactions will be done by a guardian or anyone appointed by the court thereof.
Does Missouri give full contractual capacity to emancipated minors?
Yes
Parties who have contractual capacity may form an enforceable contract?
yes
Define the term capacity?
The legal ability to enter into a contractual relationship.
Does South Carolina give contractual capacity to emancipated minors?
yes
Does the state of Indiana give full contractual capacity to emancipated minors?
yes
What are the release dates for A Pair of Prodigals - 1913?
A Pair of Prodigals - 1913 was released on: USA: 3 December 1913
Must a person have contractual capacity to be a beneficiary of a trust?
Answer: Minors may be beneficiaries of a trust.
