Asked by jhadir Charles on Apr 27, 2024
Verified
Generally,parents are liable for a contract executed by a minor unless they cosign the agreements.
Cosign
To sign a legal document alongside another person, often agreeing to share the responsibility for fulfilling the terms of the document, such as repaying a loan.
Minor
An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.
Liable
Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.
- Ascertain the scenarios in which agreements can be nullified by individuals under the age of majority.
Verified Answer
Learning Objectives
- Ascertain the scenarios in which agreements can be nullified by individuals under the age of majority.
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