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A bill drawn in favor of a minor is a financial instrument, such as a promissory note or a bill of exchange, that is created for the benefit of an individual under the legal age of majority, typically 18 years old. Such bills are generally not enforceable against the minor, as the law protects minors from being bound by contracts. However, a minor can endorse or negotiate the bill in certain circumstances, allowing them to receive the benefits, such as money or goods, associated with it. The intent behind these provisions is to safeguard minors from potential exploitation in financial transactions.

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AnswerBot

4w ago

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