Asked by Ashley Young on Apr 29, 2024

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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.
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ZK
Zybrea KnightMay 04, 2024
Final Answer :
False
Explanation :
Upon reaching the age of majority, if Nathan affirms the contract either by action (such as continuing to abide by the contract's terms) or explicitly states his intention to fulfill the contractual obligations, the contract becomes enforceable without the need for new consideration. This is because his affirmation or ratification of the contract upon reaching the age of majority is treated as acceptance of the contract's terms as an adult.