under act contract 1950
section 11
section 69
-married contract
-scholarship contract
2007-03-21 01:47:22 · 10 answers · asked by sungirl_851212 1 in Business & Finance ➔ Corporations
Contracts with Minors and persons of unsound mind are void ab initio with some exceptions:
1. If the contract is for the supply of essentials for the life - basic bread and butter etc.- they are enforceable for the legitimate payments against the assets/estate of such persons.
2. If the contracts entered into are for the sole good of them, they are enforceable by these categories of persons (minors & persons of unsound mind) at their sole discretion.
2007-03-21 17:27:41 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋
In the United States anyone under the age of 21 is considered a minor. Any exception of that must be thru approval of the court legal system. This is in regards to the legitimacy of legal contracts.
States do have authority to modify the age of contention of some contracts, such as marital contracts and others that do not conflict with second and third party involvements.
Many states now have modified the age of contention to age 18 but does regulate the types of contracts permissable for this age. You would have to search this information locally and can be found in your local library that receives the updated state statutes annually.
Lending agencies can lend money to anyone of any age, it's their money, but they do take a risk lending money to a minor because the legal system will rule in favour of a minor for feeling the minor was not mature enough to understand the contract agreed to. Again, you must know the age of contention for your state .
There can be no legal contract established between a minor and a person of unsound mind as neither person is recognized as mature enough to understand the legalities.
Both the minor and the unsound mind person MUST have an adult representative over the age of 21 act as primary contractees with clauses in the contract designating the purpose and interest of the minor and the person of unsound mind . The adult representatives are the true responsible parties of the contract established.
2007-03-21 02:27:04 · answer #2 · answered by farplaces 5 · 1⤊ 0⤋
You cannot enter into a contract in either case. You have to have capacity which means legal age of majority or capacity of sound mind. If you do not, then legally you cannot enter into a contract. A contract entered into by someone lacking either of these requirements is not valid. I hope this helps, and good luck to you.
2007-03-21 01:56:43 · answer #3 · answered by djbest1973 2 · 0⤊ 0⤋
I am in a business law class, and just the other day we learned that any contract entered into by a minor is void. It doesn't matter what contract it is.
2007-03-21 01:56:50 · answer #4 · answered by Nikki 1 · 0⤊ 0⤋
Both are "Null & Void". Either of them cannot enter into a contract, if on the date of entering into the contract, they are 'Minor' or 'Insane - "of unsound mind'.
2007-03-21 02:00:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If it was witnessed by someone who is "of sound mind" and a solicitor, then it is legally binding. Depending on the nature of the contract the age may have some berring.
2007-03-21 01:56:30 · answer #6 · answered by Neil 3 · 0⤊ 1⤋
Neither can enter into a contract.
2007-03-21 01:52:30 · answer #7 · answered by rustybones 6 · 0⤊ 0⤋
as quickly as I joined the Marine Corp, you should verify in at 17 and it replaced into binding. You had to flow. if your ingredient is might desire to a baptism be valid if a individual is a criminal minor, that could be a solid question. i don't think of you're making any type of legally binding settlement. that is like transforming into a member of a club. in case you play via JW regulations you're ok. If not, they might do what they like. yet in certainty, who cares,relatively? i replaced into baptized at sixteen and if I contested my disfellowsipping thinking the certainty that i replaced into under the criminal age as quickly as I made the "settlement", took the oath, despite, i don't think of that could fly. the only ingredient this might accomplish is all people who replaced into baptized under the age of 18 ought to get their "disfellowshipping" reversed. Like I mentioned, 18 or 80, i don't care. If the JW's got here to me and mentioned i need to be reinstated, no questions asked, i might tell them to f**ok off. Who desires to return?
2016-10-19 06:04:50 · answer #8 · answered by ? 4 · 0⤊ 0⤋
It is void,not maintanable& legal.
2007-03-21 03:29:50 · answer #9 · answered by Mani Mozhi V 1 · 0⤊ 0⤋
the agreement will not be valid and become nul and void.
2007-03-21 04:40:57 · answer #10 · answered by patriotisam 3 · 0⤊ 0⤋