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henry, age 19, buys a car from superauto sales, inc. in this state, the age of majority is 21 years old. before henry celebrates his 21st birthday, this contract can be disaffirmed by

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The age of majority in this state is 21, thus Henry, who is 19 years old, purchases an automobile from Contract law super auto sales, inc. This Agreement may not be terminated by anybody other than Henry before his 21st birthday.

Contract law holds that any agreements made with a minor are void, unenforceable, and of no force or effect. The agreement stated that Super Auto, the other party, would be bound by terminated its provisions and that only Henry could renege on the arrangement and declare it void. If the Agreement is in existence when Henry reaches the age of majority, Henry shall be bound by the terms of the Agreement.

An agreement involving the exchange of commodities, services, assets, or money is governed, enforced, and interpreted by a body of legislation known as contract law. Contract law states that an agreement between two or more people or corporate entities that contains a promise to perform something in exchange for a benefit or advantage is enforceable. Contract law is at the heart of many business transactions, and anyone going into one should be aware that breaking the terms of the agreement, even unintentionally, could have serious repercussions.

Learn more about Contract law here

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