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Penalties for misrepresenting an individual's age can result in some serious legal penalties. These may include: Misdemeanor charges, especially in cases of misrepresentation of age by a minor; Denial of rights that the person was applying for; or.

The basic fundamentals of a legally binding contract are that it must include an offer outlining what is going to be provided, and an acceptance of that offer. There must also be something of value exchanged, which could be a service, sale of goods, money or even a promise to provide one of these things.

Contracts. Generally, if you are under 18 you cannot enter into contracts. Contracts are legally binding agreements where something valuable is exchanged.

Agreement with Minor parties In India, the Indian Majority Act, 1875 declares the age of majority of all persons to be 18 years. If a minor has a guardian or Court of Ward looking after him, his age of majority becomes 21 years. Hence, any contract with a party below the age of 18 years is invalid as per the Act.

In most states, minors (i.e. individuals under 18) are considered to have mental deficiency and as such, lack the ability to enter into contracts. Therefore, minors are allowed to sign contracts, but they can choose to either void the contract or honor it.

In all states, the age required to sign a contract is 18 years. A child under the age of 18 is considered a minor and can only sign a contract if it is essential items. Essential goods include medicines, food and medical services.

A minor can therefore, enter into a contract. Further, a contract with a minor is voidable. That means they are able to cancel any contract at any time before reaching the age of 18 and for a reasonable period after that time.