"10-7 Rules Regarding Minor's ""Contractual Power of Avoidance"" Disaffirmance (""Power of Avoidance""): Minors' right, until reasonable time after reachin"
{"Image DocumentName": "Rules Regarding Minor\u2019s Contractual Power of Avoidance", "Image ImageDescription": "Disaffirmance ( Power of Avoidance ): Minors\u2019 right, until reasonable time after reaching age of majority, to disaffirm/avoid their contracts. To exercise right, minor need only demonstrate, through words and/or actions, intent to rescind contract. Minor must return any consideration received (if still in minor\u2019s possession/control), regardless of condition. Even if consideration damaged/destroyed, other party has no recourse against minor. Rules designed to discourage competent parties from entering into contracts with minors. Disaffirmance, also known as the power of avoidance, refers to the minor\u2019s right, until a reasonable time after reaching age of majority, to avoid his or her contractual obligations. To exercise the right of disaffirmance, the minor need only demonstrate, through words or actions, intent to rescind the contract. Upon contractual avoidance, the minor must return any consideration received (if still in the minor\u2019s possession or control,) regardless of its condition. Even if the consideration is damaged or destroyed, the other party has no legal recourse against the minor. Rules protecting minors from contractual obligations are designed to discourage competent parties from entering into contracts with minors.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}