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Contractual Capacity
A Coggle Diagram about Minors (Voidable contracts - can be avoided , Beneficial contracts for services , Contract for necessities - food, water, clothes, accommodation, medical services, transport , Trading contracts - not beneficial - not valid -runs business , Void Contracts - never came into existence and A minor who fraudulently misrepresents there age can still rely on provision of Infants Relief Act ), Mentally unsound persons , prisoners (now have theoretically full capacity - convicts can enter any lawful contract - opportunity limited due to incarceration and legislation has been removed that rendered a convict incapable of concluding any contract ), corporations (established by statute - act done which is not authorized by incorporating statute is void and established by Royal charter - same capacity as a natural person) and generally assumed adults have full capacity