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How are contracts involving a minor considered legally binding and enforceable?
Contracts involving a minor are generally not considered legally binding and enforceable. Minors are not considered to have the legal capacity to enter into contracts, and therefore any contract they enter into can be voided by the minor or their legal guardian.
When can a minor enter into a binding contract?
A minor can enter into a binding contract when they reach the age of majority, which is typically 18 years old. Until then, contracts entered into by minors are usually voidable at the minor's discretion.
Is a minor's signature legally binding?
In general, a minor's signature is not legally binding because minors are not considered capable of entering into contracts. However, there are some exceptions, such as for necessities like food, clothing, and shelter.
What are the type of contracts that a minor could not avoid?
Don't understand the question. (???) As a GENERAL rule minors cannot enter into a legally binding contract - because of the fact that they ARE minors in the eyes of the law. MINORS CAN ENTER INTO CERTAIN TYPES OF CONTRACTS. THE ONLY DIFFERENCE IS THAT IF THEY ENTER INTO A CONTRACT WITH AN ADULT ONLY THE MINOR CAN DIS-AFFIRM THE CONTRACT. IN SOME CASES IF THE MINOR DIS-AFFIRMS THE CONTRACT THE MUST ALSO PAY RESTITUTION
Are minors responsible for the contracts the sign?
Usually, minors are not responsible contracts they may agree too, because they lack capacity to contract.
Certain persons cannot make contracts that will bind them?
Contracts entered by minors are revocable or voidable; the law calls minors infants. Contracts entered into by the mentally infirm are void.
Do contracts have to be in writing in order to be legally binding?
Yes, contracts do not have to be in writing to be legally binding, but it is generally recommended to have written contracts to avoid disputes over the terms and conditions.
Why do you have to be an adult to publish books?
You do not have to be an adult to have your work published. There are plenty of minors who have their books on the market. However, you do have to have a parent or legal guardian willing to represent you when entering into any sort of legally binding contracts.
Minors cannot make valid contracts. critically assess the extent to which this statement is true?
Yes. Minors cannot make valid contracts. This is because, the basic common law rule is that contract do not bind minors.
Is it possible to finance a car if you are under 18 years old?
No, it is generally not possible to finance a car if you are under 18 years old because minors are not legally able to enter into binding contracts for loans.
What type of contracts do minors for voidable?
Contracts entered into by minors are generally considered voidable, meaning the minor has the right to affirm or void the contract at their discretion. This includes most contracts, such as those for goods, services, or leases. However, contracts for necessities, like food or shelter, may be enforceable to ensure that minors receive essential services. The rationale behind this legal principle is to protect minors from being exploited due to their lack of experience and maturity.
Are oral contracts about lottery winnings binding?
yes
