What does the decision in Bayview Credit Union Ltd. v. Daigle illustrate?
A) A person under the age of majority cannot intend to enter into a contract.
B) Parents are responsible for contracts made by their children.
C) Contracts made by children are void.
D) When a minor enters into a contract, there is no consideration.
E) Businesspeople are at a risk when dealing with minors as if they were adults.

Question

Quizplus · Accepted Answer

The decision in Bayview Credit Union Ltd. v. Daigle illustrates that businesspeople are at risk when dealing with minors as if they were adults. In this case, the minor entered into a contract for a car loan, but later defaulted on payments. The credit union sued the minor, but the court found that the contract was voidable due to the minor's age, and the credit union could not enforce it. This shows that businesspeople need to be cautious when dealing with minors, as their contracts can be voided if they are not of legal age to enter into agreements.

What Does the Decision in Bayview Credit Union Ltd