Contract law minors
- voidable at the option of the Minir.
What Is The Rule When Contracting with An infant?
When someone chooses to enter into a contract with a minor or an infant, they are doing so at their own risk. Contract laws provide minors the option to exit a contr… Voidable Contract
When a contract is valid but contains the option to be voided by any of the involved parties, this is called a "voidable contract." Before entering into a … Exceptions to Creating A Binding Contract with A Minor
The first rule concerns contracts relating to entertainment or sports. If a minor enters into an entertainment or sports contract, this would not be voidable at wil… Are minors legally bound to contracts they sign?
Minors and contract law don't typically mix well
A minor can't legally sign most contracts, so the laws don't usually apply
In the past, an infant or a minor was a person under age 21
However, most states have revised statutes that identify minors as those under age 18
Is it illegal to have a minor sign a contract?
This means that the person signing must have sufficient understanding that he's entering into a contract and the terms he's agreeing to
For most contracts, the general rule is that while it's not illegal to enter into a contract with a minor, the contract is voidable at the discretion of the minor
With some exceptions, a contract made by a minor is voidable. The minor, in other words, may avoid the legal liability under a contract. Upon reaching the age of majority, a minor may affirm or ratify the contract and therefore make it contractually binding on him.
