Minors generally lack the legal capacity to enter into binding contracts, making such agreements voidable at the minor's discretion. However, contracts for necessities or those ratified upon reaching the age of majority may be enforceable.

Minors And Contracts

Legal capacity is the ability of an individual to understand and engage in legal proceedings, make decisions, and enter into binding contracts. It is a foundational principle ensuring that individuals have the autonomy to make decisions that affect their lives, while also providing protections for those who cannot fully comprehend the implications of their actions.

legal capacity

binding contracts

Voidable agreements

minor's discretion

contracts for necessities

The age of majority is the threshold of adulthood as recognized by law, marking the point at which individuals assume control over their actions and decisions, and are fully accountable for them. This age varies by jurisdiction, typically set at 18 or 21, and signifies the end of parental control and the beginning of legal responsibilities and rights, including voting and contractual capacity.

CUSTOMIZE YOUR LEARNING

CUSTOMIZE YOUR LEARNING

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