A comparison the United States law of contracts with the law of contracts of the People's Republic of China.
South Carolina Comparison of Contract Law of the People's Republic of China with The United States
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How to fill out Comparison Of Contract Law Of The People's Republic Of China With The United States?
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FAQ
In some states, if a minor has misrepresented his or her age in order to induce another person to enter into a contract, the minor may still disaffirm the contract. Other states have different rules in instances when a minor has made a misrepresentation of age.
Fffdfffdfffdfffdfffd Liability for Necessaries: A minor who enters into a contract to purchase food, shelter, clothing, medical attention, and/or other goods or services necessary to maintain the minorfffds well-being will generally be liable for the reasonable value of those goods and services even if the minor disaffirms the contract.
Generally, a contract may be either oral or written. In some instances the law requires the contract to be in writing in order to be enforceable. For example, if an oral contract is incapable of performance within a year or if it is an oral contract for the sale of land, it is barred by the Statute of Frauds.
Another term for incapacity is: . Which of the following is a correct statement regarding a minor's power to disaffirm or void a contract? A. If a minor chooses to disaffirm a contract, he or she must void the entire contract.
What is the legal significance in most states when a minor misrepresents his age? If a competent party relies on the misrepresentation in good faith, the minor forfeits the right to disaffirm the agreement.
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. Voidable contracts are usually valid contracts and are binding unless the child cancels it.
Contractual Effect of Misrepresenting Age Minors have been known to misrepresent their ages. In most states, minors who lie about their age may nevertheless disaffirm their contracts. However, in these states, a minor who gives a false age may be held liable for the tort of false representation.
This capability element will protect those who lack it. "Disaffirming" or "invalidating" a contract is a right for minors. To revoke at any time during their minor years (or a fair amount of time afterward), they have the right. The teenager will, of course, be charged with a criminal for failing to return the money.
Even if goods are damaged, minor still has right to disaffirm. If goods are damaged, the minor is required to compensate adult with a "reasonable" amount. In some states, if a minor has misrepresented his or her age in order to induce another person to enter into a contract, the minor may still disaffirm the contract.
The purpose of the limitation on the minor's right to disaffirm contracts for necessaries is to ensure that minors are able to obtain the basic necessities of life when their parents will not provide them.