Explain the rule governing an intoxicated person’s capacity to enter into a contract and contrast this rule with the law governing minors and incompetent persons.

Contractual Capacity

• Explain how and when a minor may ratify a contract.
• Describe the liability of a minor who (1) disaffirms a contract or (2) misrepresents his age.
• Define a “necessary” and explain how it affects the contracts of a minor.
• Distinguish between the legal capacity of a person under guardianship and a mentally incompetent person who is not under guardianship.
• Explain the rule governing an intoxicated person’s capacity to enter into a contract and contrast this rule with the law governing minors and incompetent persons.