Asked by Ashley Young on Apr 29, 2024
Verified
Nathan entered a contract while he was seventeen. If, upon reaching the age of majority, he has not avoided the contract and promises to perform those contractual obligations, new consideration is required for the contract to be enforceable.
Age of Majority
The legal age at which an individual is considered an adult and capable of making legal decisions for themselves, such as entering into contracts and voting, varying by jurisdiction.
New Consideration
Additional or different consideration offered in a contract, beyond what was initially agreed upon, often required for the enforcement of modifications or new agreements.
- Examine the validity of contracts grounded on previous considerations or ethical duties.
- Identify agreements enforceable without consideration and acknowledge the exceptions in certain conditions.
Verified Answer
Learning Objectives
- Examine the validity of contracts grounded on previous considerations or ethical duties.
- Identify agreements enforceable without consideration and acknowledge the exceptions in certain conditions.
Related questions
In Some States, a Contract Under Seal Is Binding Without ...
Past Actions Unbargained for by the Parties in an Agreement ...
Teller Agreed to Buy a Stolen Piano from Luthor,but Failed ...
Andrew's Neighbor,Charles,is Selling Drugs from His Home ...
Why Is Past Consideration Not Adequate Consideration in a Present ...