Asked by Blake cannistraro on May 16, 2024
Verified
A minor's contract for necessaries makes the minor liable for the reasonable value of the necessaries furnished to him.
Necessaries
That which is reasonably necessary for a minor’s proper and suitable maintenance, in view of the income level and social position of the minor’s family.
Reasonable Value
The fair or market value of goods or services, assessed based on what a reasonable buyer would be willing to pay under similar circumstances.
- Understand the significance of essentials in agreements involving individuals under the legal age.
Verified Answer
WB
Wendy BobadillaMay 20, 2024
Final Answer :
True
Explanation :
According to the law,a minor is liable for the reasonable value of those necessaries that he/she actually receives.
Learning Objectives
- Understand the significance of essentials in agreements involving individuals under the legal age.
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