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.
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.
Contracts entered by minors are revocable or voidable; the law calls minors infants. Contracts entered into by the mentally infirm are void.
Yes. Minors cannot make valid contracts. This is because, the basic common law rule is that contract do not bind minors.
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
Oklahoma does not have early emancipation laws for minors, including those that are pregnant. They have a rather obscure law, Title 10, Section 91-94, Confirmation of Age of Majority, which is suppose to allow minors to enter into contracts. Although when challenged in court the law has never been upheld.
It is illegal for minors to smoke and also illegal to sell tobacco products to minors.
The American Law Institute, a collection of legal scholars and practitioners, attempted to catalogue the common law of contracts in its Restatements of the Law of Contracts in 1932.
In most States of most Countries - If you buy alcohol for minors you will be in serious trouble with The Law
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.
common law
Martin Hogg has written: 'Promises and contract law' -- subject(s): Contracts, Promise (Law), LAW / Contracts
It depends upon the state, the type of contract and if fraudulent information was used to obtain goods, services, money or property by use of the lending agreement. ---- In general, contracts signed by minors are unenforceable against the minor. In most states, anyone under 18 is considered a "minor." However, the minor can seek enforcement of the contract against the other party. There are exceptions, however. For example, if the minor is legally emancipated, any contract they enter is enforceable. Also, contracts by minors for the purchase of necessities for life (food, clothing, shelter, etc.) are enforceable, because, as a matter of public policy, we want minors to be able to obtain those things when they need to, and people would be reluctant to sell those things to minors if their contracts couldn't be enforced. As for employment contracts, I would guess (but I'm not 100% sure), that the state and federal laws regulating the employment of minors would govern. If the minor is legally allowed to be employed in a particular job, I think any contracts directly related to their employment should also be enforceable.