11.The contracts of a person who is adjudicated insane and placed in care of a guardian are void.
12.If a person with a mental condition that impairs her ability to act in a reasonable manner enters a contract that is grossly unfair, the contract is voidable.
13.By the majority view, a minor need only return any property he has received from the other party if the minor wishes to disaffirm the contract. He has no duty to return the property in the same condition in which he received it.
14.In general, a minor may only disaffirm a contract after he has reached the age of majority.
15.All states agree that a minor who has fraudulently misrepresented her age when entering into a contract has no power to disaffirm the contract.
16.Contractual incapacity excuses a minor from an obligation to pay for necessaries.
17.Contracts of a ward may be ratified by his guardian during the period of guardianship.
18.At common law, a minor was a person who was under the age of 21.
19.To avoid a contract, an intoxicated person must have been so intoxicated as to be unable to understand the consequences of his actions or unable to act in a reasonable manner.
20.Some states prescribe by statute a time period, usually one year, in which a person who reached the age of majority may still disaffirm contracts made while a minor.
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