When a minor cancels a contract, he must return the property. In the second example above, the minor must return the car if he cannot maintain the payments. The minor may also have to pay for the repair of any damage to the property. In another example, you sell a car to a minor on a private payment contract. If the minor no longer pays, you cannot bring him to justice for an offence. The court will say that the person was not competent to give consent to the contract. When a minor enters into a contract, the parents are not parties and cannot be held liable if the minor does not comply with the contractual terms. But if a parent or both parents sign a contract with the minor, the contract is valid and they are subject to the conditions. There are many problems that can arise when a contract contains a minor. Employment contracts with minors also require special attention. Keep in mind that one of these disputes is not decided by the parties, but must be brought before a court to decide whether the jurisdictional issue is ongoing.
If a minor misrepresents his or her age and then declares that he or she is a minor, the contract is still not valid. A minor may decide to cancel a contract before reaching maturity (depending on the condition, but as a rule 18). The minor can make this decision at any time and even if the contract has been fully executed (both parties have fulfilled their contractual obligations) Whether you are selling something or buying something from a minor, you must be aware of the pitfalls of an agreement between you and that young person. Most contracts with minors are not confirmed by a court. The buyer can go to court to force them to sell the property as agreed, the specific benefit. The reality is that there are not many judges who will force that. Instead, they usually grant some sort of monetary policy refund from the seller to the buyer. The parties are not in a position to execute a contract to carry out an illegal act. The purpose of the contract must be in accordance with the law.
A contract between parties involving fraud on another would not be valid. Do not go to the judge to get your money back if your written contract with a drug supplier for 100 kilograms of cocaine has not been complied with. It`s an illegal act. Not only will you not have relief, but you will probably end up in prison. For real estate, regardless of the wording of the contract, if the seller is not the legal owner, it will not work.