Question: The law allows a minor to withdraw from a contract
The law allows a minor to withdraw from a contract simply because he or she is a minor, whereas the other party is bound if the minor wishes to carry out the contract. Do you think the law is fair in such instances?
Answer to relevant QuestionsSome contracts freely entered into by the parties involve activities that have been made illegal by state or federal statutes. Since they are illegal, these contracts are unenforceable. Examples are wagering agreements or ...Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. In order for an offer to be valid, it must be definite and certain. 1. _________ 2. The person who makes a ...Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. Contract of adhesion b. Duress c. Fraud d. Intentional concealment e. ...Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. Consideration is one of the elements of a contract. 1. ________ 2. The courts generally do not rule on ...In teams of three or four, interview several retailers of home appliances or furnishings to determine how they ascertain the age of customers who wish to enter into an installment contract for purchases.
Post your question