A comparison the United States law of contracts with the law of contracts of the People's Republic of China.
North Carolina Comparison of Contract Law of the People's Republic of China with The United States
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How to fill out Comparison Of Contract Law Of The People's Republic Of China With The United States?
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FAQ
This capability element will protect those who lack it. "Disaffirming" or "invalidating" a contract is a right for minors. To revoke at any time during their minor years (or a fair amount of time afterward), they have the right. The teenager will, of course, be charged with a criminal for failing to return the money.
Voidable Contract This rule has been established to protect younger individuals who may not fully grasp the consequences of certain contracts. Minors are believed to lack the capacity to contract. Therefore, courts and statutes provide minors with the ability to exit the contract at the minor's discretion.
Contractual Effect of Misrepresenting Age Minors have been known to misrepresent their ages. In most states, minors who lie about their age may nevertheless disaffirm their contracts. However, in these states, a minor who gives a false age may be held liable for the tort of false representation.
The first Chinese law to carry the title "code" since the founding of the People's Republic of China in 1949, the Civil Code is expected to comprehensively strengthen the protection of people's various rights and improve the Chinese socialist system of laws.
What is the legal significance in most states when a minor misrepresents his age? If a competent party relies on the misrepresentation in good faith, the minor forfeits the right to disaffirm the agreement.
In some states, if a minor has misrepresented his or her age in order to induce another person to enter into a contract, the minor may still disaffirm the contract. Other states have different rules in instances when a minor has made a misrepresentation of age.
For most contracts, the general rule is that while it's not illegal to enter into a contract with a minor, the contract is voidable at the discretion of the minor. Voidable contracts are usually valid contracts and are binding unless the child cancels it.
Even if goods are damaged, minor still has right to disaffirm. If goods are damaged, the minor is required to compensate adult with a "reasonable" amount. In some states, if a minor has misrepresented his or her age in order to induce another person to enter into a contract, the minor may still disaffirm the contract.
The purpose of the limitation on the minor's right to disaffirm contracts for necessaries is to ensure that minors are able to obtain the basic necessities of life when their parents will not provide them.
Fffdfffdfffdfffdfffd Liability for Necessaries: A minor who enters into a contract to purchase food, shelter, clothing, medical attention, and/or other goods or services necessary to maintain the minorfffds well-being will generally be liable for the reasonable value of those goods and services even if the minor disaffirms the contract.