Solved: Sketch two pH curves, one for the titration of a

Chapter 14 Capacity and Legality of Contracts “Insane people are always sure that they’re fine. It’s only the sane people who are willing to admit they are crazy.” Contractual Capacity:  Legal ability to enter into a contractual relationship  Not all persons have the capacity to enter into a contract o Incompetency  Adjudged by a court to be mentally incompetent (insane) = VOID  Not adjusted by a court to be mentally incompetent but later determined by a court to be mentally incompetent = VOIDABLE  “Lucid” intervals = VALID  Incompetence because of intoxication = Valid o Minors “Yesterday was the first dat of the rest of your life and you messed it up again.” - Patrick Murray Legality  Contracts Contrary to Public Policy: Generally, VOID o Health, safety, welfare, morals. Ex: Stripper from Columbus o Contracts in Restraint of Trade are generally VOID  Exception: Covenant not to Compete and Sale of an Ongoing Business  Contracts in Restraint of Trade: o Covenant not to Compete in a Sale of Business is enforceable as long as type of business restriction, time, and geographic terms are reasonable (same business/2 years/75 miles) o Covenant not to Compete In Employment is enforceable as long as time and geographic terms are reasonable  Discriminatory Contracts: o Party promises to discriminate on the basis of race, color, national origin, religion, gender, age, or disability are contrary to both stature and public policy, and unenforceable  Effect of Legality: o Generally, illegal contracts are VOID  If contract is executory, cannot be enforced  Unjust enrichment is not an issue  Courts just leave the parties where they find them