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It can be considered an open account or a written contract.

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18y ago

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What age are you legally allowed a bank account?

You may solely own a bank account whenever you turn 18 or are legally able to contract with the bank. Otherwise, your parent or guardian will have to be on the account with you and accept responsibility for the account.


Can you make a bank account without a parent?

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.


Which test would you apply to ascertain whether an agreement is contract?

A valid contract is legally enforceable and defined by law. A test that you would apply to ascertain whether an agreement is a contract would be looking at the benefits and duties between the parties of the agreement.


What do you meant by contract?

A contract is a legally binding agreement.


what are Difference between a contract and an agreement?

a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances


Is the contract for a timeshare legally binding?

Yes, a contract for a timeshare is legally binding. However, the contract usually has an opt out period of at least ten days. The salesperson can also choose to let you out of the contract.


Can a 12 year old make a legally binding contract?

Yes, a 12 year old can form a legally binding contract.


Can a parent legally sign a contract on behalf of a minor?

Yes, a parent can legally sign a contract on behalf of a minor in most cases.


What is a simple contract?

A simple contract is a contract that is made orally or in writing. This type of contract is not notarized or legally recorded.


What role does the party play in a legally binding contract?

In a legally binding contract, the party is a person or entity that agrees to the terms and obligations outlined in the contract. Each party involved in the contract is responsible for fulfilling their agreed-upon duties and can be held legally accountable if they fail to do so.


How old must you be to get a cell plan with US Cellular?

A cellular contract is a legally binding contract; you must be 18 to enter into a legally binding contract. The answer is 18 years old.


How can one legally void a contract?

A contract can be legally voided through mutual agreement between the parties involved, if there is a breach of contract, if one party lacks capacity to enter into the contract, or if the contract is deemed illegal or against public policy.