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In most jurisdictions, minors are generally considered to lack the legal capacity to enter into binding agreements. This means that contracts made by minors are typically voidable at the minor's discretion, allowing them to choose to affirm or void the agreement upon reaching the age of majority. Exceptions may apply for certain contracts, such as those for necessities (e.g., food, shelter). Because of this limited capacity, parties entering into agreements with minors should exercise caution.
What else can I help you with?
What is the position of a contract with minor in Pakistan?
an agreement with minor is not creat any legal rights and duties
A minor and his legal position under Indian contract act?
agreement made by minor is void-ab-initio minor can't be declared insolvent rule of estoppel is not applicable on minor minor can be promisee or a beneficiary doctrine of restitution is not applicable on minor
Is an agreement signed by a parent of a minor responsible when minor turns 18?
no
What are the effects of Minors Agreement?
eefects of minor agreements
Can a minor sign a non-disclosure agreement (NDA)?
No, a minor cannot legally sign a non-disclosure agreement (NDA) because they are not considered capable of entering into a legally binding contract.
What are the rules regarding minor agreement?
Rules regarding minor's agreement:1. No ratificationAn agreement with the minor is completely void. A minor cannot ratify the agreement even on attaining majority, because a void agreement cannot be ratified.2. Minor can be a promise or beneficiaryIf a contract is beneficiary to a minor it can be enforced by him. There is no restriction on a minor from bring a beneficiary.3. No estoppel against a minorWhere a minor by misrepresenting his age has induced the other party enter into a contract with him, he cannot be made liable on the contract. There can be no estoppel against a minor.4. No Specific performance except in certain casesA minor's contract being absolutely void, there can be no question of the specific performance of such contract.5. Liability for tortsA trot is a civil wrong. A minor is liable in tort unless the tort in reality is a breach of contract.6. No insolvencyA minor cannot be declared insolvent as he is incapable of contracting debts and dues are payable from the personal properties of minor and he is not personally liable.7. Minor can be an agentA minor can act as an agent. But he will not to be liable to his principal for his acts. A minor can draw, deliver and endorse negotiable instruments without himself being liable.
In agreement with or in agreement to?
It depends on the use and what you want to say.Examples:Wallace was in agreement with most of the provisions in the new contract but he wanted some minor modifications.William was a party to an agreement to share profits and liabilities in a new skate board shop.
What position does Mike Minor play?
Mike Minor is a starting pitcher for the Atlanta Braves.
What was Jorge Posada's position in the minor leagues?
In Jorge Posada's first year in the minor league's, he was a second baseman. Jorge was then switched over to the catcher's position.
What is the significance of the keyword "minor" in the root position of a chord progression?
The keyword "minor" in the root position of a chord progression indicates that the chord is built on a minor scale degree, giving the progression a melancholic or somber feel.
Can a minor cosign a loan with someone other than his or her legal guardian?
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Is a minor partner liable for the loss of business?
The liability of a minor partner depends on the specific terms of the partnership agreement. Generally, a minor partner is liable for their share of the partnership's losses up to the amount of their capital contribution. However, if the partnership agreement holds the minor partner as fully liable, they may be responsible for the entire loss of business.
