A comparison the United States law of contracts with the law of contracts of the People's Republic of China.
Contract Law For Minors In Clark
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Multi-State
County:
Clark
Control #:
US-00103BG
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FAQ
A minor would be unable to disaffirm a contract which he had made in situation (d) where real property is involved, upon reaching the age of majority. Minors have the right to disaffirm contracts they enter into until they reach the age of majority.
That law provides that, with certain exceptions, “a contract of a minor may be disaffirmed by the minor before majority or within a reasonable time afterwards,” and it codified a common law doctrine that the California Supreme Court recognized in 1864 and that exists as a statutory right or common law privilege for ...
The law provides that minors getting into a contract to obtain particular goods and services is not voidable. These goods, described as necessities, include the goods and services important for the minor's survival. Such goods include food, shelter, clothing, or lodging. It also includes education and medical supplies.
The law recognizes a minor as lacking the capacity to contract. Therefore, contracts with a minor are voidable. This, however, does not apply to the circumstances where minors are legally allowed to get into a contract and be fully obliged to the terms and conditions. Examples of such circumstances include necessities.
In many cases, minors can't be held to the terms of a contract until they reach the age of majority. In other words, a minor has the right to opt out of a contract, even if the other party is an adult and is bound by the terms.
The law is well settled in this state that ... a contract of a minor under the age of eighteen years may be disaffirmed by the minor, or by his personal representatives, in case of death, without the return of the consideration received by the minor....
In most states, minors are not legally able to enter into contracts, and any contract they do enter into is considered voidable . However, parents can be held liable for contracts made by their minor children if they have given their consent or if the contract is for necessaries such as food, clothing, or shelter .
As an example, a contract with a minor is voidable at the discretion of the minor on grounds of his age. But it is still binding on the party on the other side should the minor so decide.