Attaining the age of majority is a significant milestone in everyone`s life. For minors, this means that they have reached the legal age where they are considered fully responsible for their decisions and actions. This also includes entering into contracts and agreements. However, what happens to agreements made by minors before they reached the age of majority?
The general rule is that agreements entered into by minors are voidable. This means that the minor can choose to either enforce or void the agreement upon reaching the age of majority. However, there are exceptions to this rule.
One exception is when the agreement is for necessities. Necessities refer to basic needs such as food, clothing, shelter, and medical care. If a minor enters into an agreement for necessities, that agreement will be enforceable even if they have not yet reached the age of majority.
Another exception is when the agreement is for employment. Minors who are employed are bound by their employment contracts even if they have not yet reached the age of majority. This is because the law recognizes that minors need to earn a living to support themselves and their families.
Lastly, the law also recognizes the concept of ratification. Ratification occurs when a minor, upon reaching the age of majority, affirms or acknowledges an agreement they made while still a minor. This means that the agreement becomes enforceable even if it was initially voidable.
In conclusion, on attaining the age of majority, a minor`s agreement is generally considered voidable. However, exceptions such as agreements for necessities and employment exist. Additionally, ratification is also recognized by the law, which makes an agreement enforceable when a minor chooses to affirm it upon reaching the age of majority. It is important for minors and their parents or guardians to understand these concepts to avoid any legal issues in the future.