A comparison the United States law of contracts with the law of contracts of the People's Republic of China.
Contract Law For Minors In Cook
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Cook
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US-00103BG
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FAQ
In many cases, minors can't be held to the terms of a contract until they reach the age of majority. In other words, a minor has the right to opt out of a contract, even if the other party is an adult and is bound by the terms.
The law recognizes a minor as lacking the capacity to contract. Therefore, contracts with a minor are voidable. This, however, does not apply to the circumstances where minors are legally allowed to get into a contract and be fully obliged to the terms and conditions. Examples of such circumstances include necessities.
In the U.S., as in other countries, a contract signed with a minor is void and voidable. There's a distinction between the two terms: A void contract is illegal and invalid from the start, which also means that it cannot be enforced.
The law recognizes a minor as lacking the capacity to contract. Therefore, contracts with a minor are voidable. This, however, does not apply to the circumstances where minors are legally allowed to get into a contract and be fully obliged to the terms and conditions. Examples of such circumstances include necessities.
No. There is, however, an Illinois law known as the “Emancipation of Mature Minors Act.” Ordinarily minors cannot enter into legally binding contracts.
In general, minors are considered not to have the legal capacity to enter into the contract, which is why contracts involving minors can be voided. Only the minor, however, has the right to void the contract.
Because a minor violation is generally held to be a limited breach which does not affect either party's fulfillment of the other contract terms, the non-breaching party can sue the breaching party for damages caused by a minor violation, but they will not typically be able to cancel the contract and may not be absolved ...
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.
As an example, a contract with a minor is voidable at the discretion of the minor on grounds of his age. But it is still binding on the party on the other side should the minor so decide.