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Can an individual be held legally responsible for debts that occured when they were a minor?
An obligation to pay a debt is usually by contract. A contract by a minor is "voidable" meaning that it can be invalidated. However, it is not void. The difference is sometimes important because if a contract is void then someone could never be held accountable. A contract by a minor however, may later be ratified (acknowledged as valid) by that invididual. Ratifying the contract then makes the person legally responsible. If the person who signed the contract as minor does not want to be held legally responsible, he or she must formally rebuke that contract.
What else can I help you with?
Are you legally responsible for your 19 year old son in nys?
In New York State, parents are legally responsible for their children until they reach the age of 21, providing for their support, maintenance, and education. This includes financial responsibility for their child's actions, such as property damage or certain debts incurred while under the age of 21.
Are step children responsible for debts of their deceased parent in Florida if they are named in the will?
Step children are generally not responsible for the debts of their deceased parent in Florida unless they have co-signed or guaranteed the debts. Being named in the will does not automatically make them responsible for the debts. It is important to consult with a probate attorney for specific advice on this matter.
In Ky is the surviving child responsible for deceased parent medical bill?
No they are not personally responsible for the medical bill. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
What does it mean to be legally separated?
Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.
IS a spouse responsible for their spouses debt in New York?
In New York, spouses are generally not responsible for each other's separate debts. However, debts incurred during the marriage may be considered marital debt, and both spouses may be responsible for that debt, regardless of which spouse incurred it.
Are you responsible for medical bill if your spouse die?
yes, if your legally married, then your connected legally to all debts of your spouse.
If one is physically separated from ones spouse but not legally separated can one be held responsible for the debts of your spouse?
If you are still legally married, you can be held responsible. That would be the benefit of getting a divorce.
Who is responsible for debt of deceased 21 year old person?
The estate would be responsible for any individual debts. The co-signer would be responsible for any debts that were guaranteed by a co-signer.
This word means to be responsible for all debts actions or problems of an individual or business?
liability
This word means to be responsible for all debts actions or problems of an individual of business?
liability
Who is responsible for a loan if both the borrower and guarantor have died?
The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.
Can legally unmarried individual who lived with boyfriend be held responsible for medical bills after his death?
In most cases the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
Are you legally responsible for paying spouses medical debts?
In most cases the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
What statement about corporations is not true?
their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts kking kkilla Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
Your sister committed suicide and made you executor she has debts are you responsible?
No. You are not personally responsible for your sister's debts. The estate is responsible for the debts of the decedent.
Can a minor be responsible for a checking account in the state of NC?
No, an adult would have to be a co-signer. Until they reach 18 years of age, minors are not legally responsible for debts or contracts.
