LAW 122 Lecture Notes - Lecture 9: Confidence Trick, Force Majeure, Unconscionability
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If (cid:455)ou a(cid:396)e(cid:374)"t of that age, (cid:455)ou do(cid:374)"t ha(cid:448)e the (cid:272)apa(cid:272)it(cid:455) of e(cid:374)te(cid:396)i(cid:374)g i(cid:374)to a (cid:272)o(cid:374)t(cid:396)a(cid:272)t what you are getting into. You can enter into a contract when underage (works). Minors may or may not have capacity: depends on the situation, most minor contract are dividable you have to return the benefit you received under that contract. In some contract they are not avoidable: employment agreements are enforceable by law, could be voidable, minor = person under the age of majority, age varies between jurisdictions (either 18 or 19). If contract is voidable, minors may elect to avoid contractual liability. If so, they are relieved of all future liabilities under the contract. However, they may also choose to carry out the contract, making the obligations binding. Minor that wants to avoid contractual liability should so asap: 15-year-old boy rents stereo equipment for a year.