Legal Environment of Business (low101)
Discussion post (100 words) and one response to peer.
In our study of chapter 16 we learned that minors (those under the age of 18) have only limited capacity to contract.
Explain the exception to this rule as it relates to contracts for Necessaries.
What is meant by Necessaries and what is the reason that minors only enjoy limited capacity to contract? Provide examples.
Support your answer with references to academic sources including our textbook.
Using your study of chapter 16, explain the exception to this rule as it relates to contracts for Necessaries. What is meant by Necessaries and what is the reason that minors only enjoy limited capacity to contract?
