Mississippi Service Agreement
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How to fill out Service Agreement?
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FAQ
Since 1969 the age of contractual capacity for individuals has been set at 18 and reaching the age of 18 is known as attaining 'majority'. Minors are therefore those who have not attained the age of 18.
Although 18 years is the legal contract age in most states, there are several exceptions?such as the case of emancipation. If the minor hasn't reached the legal contract age but is granted legal status by a court of law, he/she may enter into contracts.
While oral contracts are valid, written contracts are safer because they outline all terms of the agreement. Be sure to include any spoken promise from the seller, a salesperson or agent in the written contract.
Miss. Code § 93-19-13 In addition, all persons eighteen (18) years of age or older shall have the capacity to enter into binding contractual relationships for the purpose of investing in mutual funds, stocks, bonds and any other publicly traded equities.
Section 93-19-13, Mississippi Code of 1972, is amended as follows: 93-19-13. (1) All persons eighteen (18) years of age or older, if not otherwise disqualified, or prohibited by law, shall have the capacity to enter into binding contractual relationships affecting personal property, mortgages, and real property.
Who can Enter into a Contract? Generally, only individuals with legal capacity can enter into a contract. This means that minors, persons of unsound mind, and persons deprived of civil rights are not capable of contracting. (Civil Code section 1556.)