answersLogoWhite

0

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

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

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.

Trending Questions
What do you do if a teacher you fancy has left your school and she used to get on very well with you but now has no contact what shall you do? How do you protect your assets from a lawsuit? Which gang is bigger the Nortenos or the Surenos? Can you go on holiday when your on probation? What does Instituted an action mean? What were the key provisions of the no-fault divorce law of 1969 and how did it impact the legal landscape of divorce proceedings? What the distinguishing factor between 'contract of service' and contract for service? What is pharmaceutical legislation? What is the Statue of limitations on property damage in Georgia? What is a law that is applied to actions that took place before the law was passed? How baldeos responsibility was taken by tembu? How old do you need to be to get a gun permit? Is it legal for a credit company attorney to be sending relief from stay motion papers directly to the creditor instead of the attorney which represents the creditor that has filed chapter 13? How many votes would you need for your bill to pass the House committee and Senate committee? Who benefits the most from pork barrel projcts? Is it legal to burn trash in residential areas? What is the solution to Maze by Christopher Manson? What are the roles and responsibilities of your self and others under the Health and Safety at Work Act 1974 and other current legislation? Can you get a divorce finalized if you are pregnant in Kentucky? What disqualifies a person from receiving an spo license?