Minors
The law states that children (yes, I said children) under the age of 18 do NOT have the capacity, or ability to understand the consequences, of entering into a contract. Someone under 18 can obviously sign a contract, but that contract is voidable. Being voidable means that it is valid until someone (the minor, a parent, etc.) comes along and says its void. That said, minors can enter into a contract for basic necessities (food, shelter, clothing) but can only pay fair market value - not the contracted value. Entering into a contract with a minor is a gamble for the other party.
Question #6: (5 points)
Jonny, age 16, walked into a hunting store and became convinced he needed a fur lined camouflage jacket. A persuasive salesman told him he would be able to use it the rest of his life and that it was a good investment. Jonny recently received $200.00 from his aunt and had enough to pay for the jacket. A week after making the purchase, Jonny realized it was too bulky and he could not use it when hunting. Can Jonny return the jacket and get his money back? Why or why not?
Question #6: (5 points)
Jonny, age 16, walked into a hunting store and became convinced he needed a fur lined camouflage jacket. A persuasive salesman told him he would be able to use it the rest of his life and that it was a good investment. Jonny recently received $200.00 from his aunt and had enough to pay for the jacket. A week after making the purchase, Jonny realized it was too bulky and he could not use it when hunting. Can Jonny return the jacket and get his money back? Why or why not?