What is the legal status of agreements made with minors?

Prepare for the CA Foundation Business Law Exam with our comprehensive quiz. Utilize flashcards and multiple-choice questions, each complete with hints and explanations. Ace your exam confidently!

Agreements made with minors are generally considered void ab initio, meaning they are invalid from the outset. This principle is rooted in the legal recognition that minors (typically individuals under the age of 18) lack the capacity to enter into contracts. The rationale behind this is to protect minors from exploitation and to ensure they are not bound by agreements that they may not fully understand or appreciate due to their age and experience.

Since these agreements are void ab initio, minors cannot be held legally accountable for commitments made under such contracts. This protective measure allows them the freedom to disaffirm contracts upon reaching the age of majority or when they choose to do so, safeguarding their interests as they transition into adulthood.

The other options all involve scenarios where agreements could be deemed valid or enforceable under certain circumstances, but they do not align with the fundamental legal stance that contracts with minors are void ab initio. Thus, the primary legal framework emphasizes the incapacity of minors to enter into binding agreements.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy