Thoughts???
#91
What if AutoCEO doesn't actually exist? Maybe he is really just an interweb ghost that has come to this forum to f^ck with us and get us all riled up!
#92
#93
Besides being a part of the common law, it is statutory in all 50-states.
Here it is in a nutshell - THIS ONES FOR YOU UBOAT!
In order to create an enforceable contract, both parties must have maturity and capacity. If one of those elements is lacking from the bargaining process, one consequence could be the invalidation of the entire contract. Minors, for example, do not possess the legal capacity to enter into contracts with other parties. This is generally because minors are not thought to possess the ability to perceive and process all of the necessary information to make an adequately rational decision. However, this does not mean that minors cannot make contracts, it just means that courts may not enforce the contracts that minors enter into.
Contract law, regarding the incapacity of minors to enter contracts, is designed not only to protect minors from their lack of maturity but also to deter others from entering into contracts with minors. The law recognizes that minors might be particularly susceptible to deception. Typically, contracts with minors are "voidable" at the option of the minor but binding on the adult. This generally means that minors can repudiate, or back out of their contracts with other parties, but the other parties are bound by those agreements.
There are certain contracts entered into by minors which are not voidable at their option. Since certain transactions provide significant benefits to minors, the law considers those transactions to be binding on them. Typical exceptions to a minor's right to avoid their contract obligations include:
1. Contracts for necessities such as food, lodging and medical services; or
2. Statutory exceptions including insurance contracts and student loans.
In addition, as a matter of public policy, some courts will hold minors' contracts regarding military enlistment to be enforceable. Many states also do not allow a minor to repudiate a real estate transaction until after they reach the age of majority. Emancipated minors (those who are legally married; serving in the armed forces; or legally emancipated through the courts) may enter into binding contracts just like adults.
Here it is in a nutshell - THIS ONES FOR YOU UBOAT!
In order to create an enforceable contract, both parties must have maturity and capacity. If one of those elements is lacking from the bargaining process, one consequence could be the invalidation of the entire contract. Minors, for example, do not possess the legal capacity to enter into contracts with other parties. This is generally because minors are not thought to possess the ability to perceive and process all of the necessary information to make an adequately rational decision. However, this does not mean that minors cannot make contracts, it just means that courts may not enforce the contracts that minors enter into.
Contract law, regarding the incapacity of minors to enter contracts, is designed not only to protect minors from their lack of maturity but also to deter others from entering into contracts with minors. The law recognizes that minors might be particularly susceptible to deception. Typically, contracts with minors are "voidable" at the option of the minor but binding on the adult. This generally means that minors can repudiate, or back out of their contracts with other parties, but the other parties are bound by those agreements.
There are certain contracts entered into by minors which are not voidable at their option. Since certain transactions provide significant benefits to minors, the law considers those transactions to be binding on them. Typical exceptions to a minor's right to avoid their contract obligations include:
1. Contracts for necessities such as food, lodging and medical services; or
2. Statutory exceptions including insurance contracts and student loans.
In addition, as a matter of public policy, some courts will hold minors' contracts regarding military enlistment to be enforceable. Many states also do not allow a minor to repudiate a real estate transaction until after they reach the age of majority. Emancipated minors (those who are legally married; serving in the armed forces; or legally emancipated through the courts) may enter into binding contracts just like adults.
#94
#95
So what color stripe are you getting, Auto CEO?
#96
#97
I probably should close this thread...................... but I'm not going to.
#98
#99
#100
Barrister IS AutoCEO!!!




