Yes, as long as both guardians agree. Although, it varies between some countries. In my country (South Africa), the minor can cancel the contract or ratify it when they reach the age of majority.
No........ according to Indian contract Act a person must have attained the age of 18 to enter in to a contract or else that contract becomes void and null contract as it is a contract made with minor............
A minor needs to have a joint account, with someone legally able to sign a contract (no one under 18 can sign a contract) in the USA.
It depends... no bank will knowingly extend a minor credit (with the possible exception of paying a small bad check), but if for some reason they did and the minor kept their head down and paid his/her bills on time, very little would happen. If the minor chooses to disaffirm (make void) the contract obligating him/her to repay the debt (and the bank had information that the minor wasn't of age- knowingly or not) the bank would be at a loss. But if the minor used false or misleading documents/information then (in most states) the minor would be bound by the contract (forced to repay the loan like the rest of us) and/or be guilty of fraud. If that minor is able to weasel out of repaying the loan, then the bank has the threat of conviction to... convince the minor to repay the loan.
Minor, Contract Status(Download)___________________________ hereby ratifies that a certain contract entered into with _______________, on _________ related to ________________, and hereby appended, was entered into when ___________________________ was a minor. Notwithstanding that fact, the contract shall be enforceable to the extent permissible by law for a minor.Dated: ____________________________________________________________________________________________________________ By Principal_____________________________________________________________________________ By MinorMinor, Contract StatusReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. The document can be used as an Exhibit to an original contract, which is a wise idea, for those agreements involving minor children. In addition, it can be used after the fact, as it is here, to ratify the understanding of the parties.To strengthen the Agreement by the non-minor principal, get a parent or guardian to sign on behalf of the minor child.1. Make multiple copies. Give one to each party, especially the parent or guardian if the principal succeeds in getting their signature.
Under Sec. 3 of te Indian Majority Act, 1875, a minor is a person "who has not completed the age of 18 years of age". If a guardin for his person or property is appointed before he attains the age of 18 years of age, then the minority of that minor extends until he attains the age of 21 years.Section 11 of the Indian Contract Act, 1872 prescribes that "a minor is not competent to contract" Therefore, any contract entered into with a minor is void ab initio(= from the beginning) and hence unenforceable in a Court of Law. It was held in Mohari Bibi vs. Dharmadas Ghosh, that "A contract by aminor is not contract at all" In fact, it cannot be ratified by the minor on his attaining his majority age.M.J. SUBRAMANYAM, XCHANGING TECHNOLOGY SERVILCES LTD.
The fact that the translator was a minor does not make the contract unenforceable. The key issue is whether the parties understood the nature and terms of the agreement. That is a question of fact, not law, a court could decide in one case that the minor acted as a competent translator and the party fully understood the contract; and at the same time another court could rule that the minor did not understand the full nature of the language and did not translate effectively precluding in the law what is called the 'meeting of the minds'
Addendum's are often added to contracts in order to add or make changes to the contract. Attachments on a contract are often found in e-mails.
An obligation to pay a debt is usually by contract. A contract by a minor is "voidable" meaning that it can be invalidated. However, it is not void. The difference is sometimes important because if a contract is void then someone could never be held accountable. A contract by a minor however, may later be ratified (acknowledged as valid) by that invididual. Ratifying the contract then makes the person legally responsible. If the person who signed the contract as minor does not want to be held legally responsible, he or she must formally rebuke that contract.
King John. The Magna Carta us effectively a contract.
In general, you need to be an adult, since an insurance policy is a contract- and a minor cannot make a contract. In the RARE case of an "emancipated minor", you might, In most cases, you will need to be 18. You may be carried as an additional driver on an adult's policy. Check with your insurance agent.
$1.44 million per contract year with possible raise in 2010
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