Minor Exception

Question 1

It’s time to delve into contract law, at least momentarily. Contracts are integrated into our everyday life whether we realize it or not. If you make a purchase at a store, you are creating a contract for the purchase of said items in return for cash, check or credit. While this may not be a traditional type of contract consisting of a written document that all parties sign, this is nevertheless a contract.

Much the same, we deal with contracts on a day-to-day basis in the business world. But, can everything be contracted? Or are there certain contracts that are void or voidable (hint, hint)?

Write a 2-3 page paper using proper APA formatting. Within this paper you are asked to analyze the types on contracts that are void and voidable as well as why they are forbidden in the business world. Below are some ideas to help get you started:

• Compare and contrast void and voidable
• Against public policy
• One-Sided
• Minor exception
• Mental Capacity
• Illegal Contracts

Question 2

“The company’s constitution forms a contract between a company and its members. This contract is, however, an unusual one, limited both in its scope and permanence despite the best efforts of the Companies Act 2006 to clarify matters.”

Critically discuss this statement, with appropriate use of case law to illustrate your arguments.