Asked by Hadeel Damra on Jun 12, 2024
Verified
As a general rule, parents are not liable for contracts entered into by their minor children.
Parents Liable
Refers to the legal responsibility of parents for the actions and behaviors of their underage children.
Minor Children
Individuals under the age of legal adulthood, whose rights and responsibilities are significantly different from those of adults.
- Recognize the principles behind the liability of parents for their children's contracts and distinguish between contracts for necessaries and non-necessaries.
Verified Answer
SB
Sabino BoyzoJun 16, 2024
Final Answer :
True
Explanation :
Generally, parents are not held liable for contracts entered into by their minor children because minors lack the legal capacity to enter into binding contracts, and any contract they do sign can be considered voidable at the minor's discretion. Exceptions exist if the contract is for necessities or if the parent co-signs or otherwise explicitly agrees to take on liability.
Learning Objectives
- Recognize the principles behind the liability of parents for their children's contracts and distinguish between contracts for necessaries and non-necessaries.
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