Capacity (minors only)

Need to know

What you need to know

• A minor is a person under the age of 18.
• The general rule is that contracts do not bind a minor, making them unenforceable against the minor.
• The purpose of the rule is to protect minors from their inexperience and potential exploitation.
• The contract is a 'one-way street': it is binding on the adult party involved.

Explanation

Capacity (minors only)

1. A minor is a person under the age of 18.
2. The general rule is that contracts do not bind a minor, making them unenforceable against the minor.
3. The purpose of the rule is to protect minors from their inexperience and potential exploitation.
4. The contract is a 'one-way street': it is binding on the adult party involved.