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eefects of minor agreements

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12y ago

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Are minors responsible for the contracts the sign?

Usually, minors are not responsible contracts they may agree too, because they lack capacity to contract.


An aggrement with minor is absolutely void .discuss?

A minor does not have the "capacity" to enter a contract. The law is written to protect minors from being taken advantage of through unfair contracts. However, through time there have been controversial situations and now minors can be held partially liable in some cases.


If you cosign your son's rental agreement are you liable if he has parties where minors drink alcohol?

A cosign agreement is usually just a financial agreement to cover the rent or damages if your son can't pay. I don't think it has anything to with underage drinking.


Can minors get credit cards?

Minors are not allowed to make contracts, (except for certain things), and cannot be held to the agreement to pay back what they borrowed. Hence, snce they don't have to pay it back, they can't get a card on their own


What is the position of a minor in an agreement?

In most jurisdictions, minors are generally considered to lack the legal capacity to enter into binding agreements. This means that contracts made by minors are typically voidable at the minor's discretion, allowing them to choose to affirm or void the agreement upon reaching the age of majority. Exceptions may apply for certain contracts, such as those for necessities (e.g., food, shelter). Because of this limited capacity, parties entering into agreements with minors should exercise caution.


Are emancipated minors are liable for purchases?

That depends on the local laws. In cases of necessities they can usually be held accountable. If it is not a necessity, the agreement could be voided.


What is the Legal effects of shareholders agreement after the company is to be registered?

http://wiki.answers.com/Q/What_is_the_Legal_effects_of_shareholders_agreement_after_the_company_is_to_be_registered"


Why does the law shield minors in the making of contracts?

Because they may not fully understand the consequences of the agreement. It is possible to acknowledge a contract once the become an adult and the contract hold up.


Why does the law shield minors in the making of their contracts?

Because they may not fully understand the consequences of the agreement. It is possible to acknowledge a contract once the become an adult and the contract hold up.


What are emancipated minors?

Emancipated minors are minors who have been legally released from the control of their parents.


Do minors do drugs?

Most definitely minors do drugs.


How did Mormons and minors get along?

many Mormons are minors