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BUS-225: Legal Environment of Business
5. 1. A legally binding agreement with a minor as a party is void arbitration, which means
that it is to be recognized as invalid or null and void from the moment it is initiated. Apart from
being impoverished, it is also null and void in the legal sense, leaving no potential for legal
consequences. Normally, there is no agreement when a minor is a party to it. Listed below are
some examples of situations in which there is no legally binding agreement between the minor and
the adult::
Ratification – this is a colloquial term that refers to the later sanction.
There is no requirement for the minor or youngster to restitute or rather refund the contract
benefits acquired.
Generally, while juveniles are held liable for a tort, there is no culpability under contract
law for minors.
Estoppel – Minors are not liable for falsely stating their age.
NB: In light of the foregoing, as well as the legislation governing contracts involving
minors, minors’ agreements are regarded null and void and do not support any new promise in an
equal degree that it cannot be validated by majority attainment.
Under the law, minors or children cannot be held liable for the precise contractual
execution of a contract.
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