Real Estate Form Contract With Minor
Description
How to fill out Pennsylvania Residential Real Estate Sales Disclosure Statement?
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FAQ
Because of that, when minors sign contracts, the contract is not valid, and minors are under no obligation to honor that contract. There are exceptions, which include contracts for food, lodging, medicine, and other necessities.
Hear this out loud PauseIn other words, even though a minor is permitted to enter into certain types of contracts, those contracts are generally voidable by the minor or a contract entered into by a minor is voidable.
Contractual capacity refers to the mental competence to understand the agreement. A minor is an individual who has not attained maturity or is under 18. The law recognizes a minor as lacking the capacity to contract. Therefore, contracts with a minor are voidable.
Minors (those under the age of 18, in most states) lack the capacity to make a contract. So a minor who signs a contract can either honor the deal or void the contract. There are a few exceptions, however. For example, in most states, a minor cannot void a contract for necessities like food, clothing, and lodging.
So, essentially if you're asking, ?How do I sign a legal document for a minor?? the answer is you may not have to. Minors are able to sign contracts for themselves in most cases. In other situations, parents or guardians can sign for them or cosign with them, which does make them legally binding.