Minors will be liable for contracts
A) if they signed the contract.
B) if the minor is deemed to be of well above average intelligence.
C) if the contracts concern necessaries.
D) if the parent of the minor was present at the time the minor was signing the contract.
E) if the minor completes a declaration stating that he or she has read and understood the terms of the contract.

Question

Quizplus · Accepted Answer

Minors are only liable for contracts if they concern necessaries. Necessaries are goods or services that are essential to a minor's life, health, or education. Signing a contract, being of high intelligence, having a parent present, or completing a declaration does not automatically make a minor liable for a contract.

Minors Will Be Liable for Contracts