Introduction to the Study of Law

Cover Introduction to the Study of Law
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They are performed in order to create rignts, powers, or privileges, and when done by com- petent persons and in the prescribed manner, the law rec- ognizes them and carries out the intent. Examples are: conveyances and transfers of rights; contracts; appoint- ments of agents. In general, capacity for legal transactions is limited much more than capacity for responsibility. Thus, an infant over seven years of age may be responsible, and a minor over fourteen but less than twenty-one years of ag...e will be responsible, if no other defect exists. But a minor has no power of entering into valid legal transactions.
Acts intended as legal transactions may be valid, that is, they may be such that the law gives them the effect intended, or they may be void or voidable. If void, they have no legal effect at all. If voidable, they have legal effect unless and until challenged, but they may be attacked for some defect, and, if so, they will fail to produce the intended legal conse- quences. Acts intended as legal transactions are void where not done in the manner which the law prescribes, or where they seek some end which the law refuses to recognize as legitimate, or where they involve injury to some interest, social or public, which the law regards as more important than the general interest in carrying out the intention of those who performed them.


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