Asked by Floyd Turner on Jun 15, 2024
Verified
A person younger than the legal age of majority is generally held to lack capacity to enter a contract,even if he is married and employed full time.
Legal Age
The age at which an individual is recognized by law as being capable of entering into a legally binding contract, among other adult responsibilities and rights.
Capacity to Enter
The legal ability of a person to enter into a binding contract, typically requiring them to be of a certain age and sound mind.
- Comprehend the basic legal capability necessary for engaging in contractual agreements.
- Understand the statutory age for entering into contracts and its exceptions.
Verified Answer
AK
Ananya KommareddyJun 20, 2024
Final Answer :
True
Explanation :
In most states,the mere fact that a minor is emancipated does not give him capacity to contract.A person younger than the legal age of majority is generally held to lack capacity to enter a contract,even if he is married and employed full time.
Learning Objectives
- Comprehend the basic legal capability necessary for engaging in contractual agreements.
- Understand the statutory age for entering into contracts and its exceptions.