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Explanation & Answer
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Running head: CONTRACT
1
Contract (The Case Between Lisa and Denny)
Name of Student
Name of Professor
Course Title
Date
CONTRACT
2
Analysis:
In order to come up with a valid binding contract, the common features of a contract
which include: an offer, acceptance and intention to form a legitimate binding contract must be
present. In case one of these features of the contract is not achieved, then the contract will not be
binding on the parties. The Law assumes that the people who are entering into a contract must be
adults of the reasonable age, competent and mentally fit. If the individual being offered the
contract is incompetent, then the contract entered cannot be termed as obligatory and therefore,
he or she cannot be sued. The following are some of key factors which will be considered at the
court of law in making final decision on the case between Lisa and Denny.
Disaffirmance: Disaffirmance refers to the act by which a person through words or
actions declares that they will not bound by the terms and conditions of a voidable contract. A
minor may at their discretion disaffirm most contracts up to the age of majority which is eighteen
years and above in most of the States and even for a “reasonable” duration thereafter. This is a
biased right and although a minor may disaffirm a contract if the other party is deemed to have
capacity they are obligated to uphold the contract (Burrows, 2009). That being said minors
cannot...
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