What is the general rule for contracts entered into by a minor?
Legal environment of business (Law101)
Learning Goal: I’m working on a law discussion question and need an explanation and answer to help me learn.
HelloI have a Discussion question about capacity and legality of contracts. The question is Ahmed is 16 years old and has left home to pursue a job. His parents do not agree with his decision and will not support him. He already signed an apartment contract. Discuss the capacity and legality of this contract.
For purposes of the discussion board, and discussing the capacity and legality of the contract entered into by the minor, ask yourself:
What is the general rule for contracts entered into by a minor?
What are the exceptions to a minor’s right to cancel or disaffirm a contract?
Do any of these exceptions apply?
If an exception applies, can a minor still cancel the contract? If so, what, if anything, is the minor responsible for?
Is there a potential for parent liability? What is the general rule? What are the exceptions?
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