It came up in another thread that, as a general rule, minors can only engage in contracts for Necessities- ie, things they absolutely need- food, clothes, shelter, etc.
This got me thinking- when I was a minor, I had a part time job from when I was 11, and naturally I saved up my pay to buy stuff that I wanted (My first ever “Big” purchase was a $150 pair of Reeboks, which took me about four months to save up for!).
Anyway, since a contract requires offer, consideration, and acceptance, and even something as simple as buying a can of Coke or a chocolate bar is a contract, how does the “Minor’s Can’t Contract For Non-Necessities Thing” work in the modern world?
I mean, I bought my first car at 16, paid for it, and registered it in my name. I had insurance in my name, and bought quite a bit of other stuff- including an international flight and a holiday in the UK- long before I was 18, all using money I’d worked for myself.
Technically speaking, if Minors can’t contract for anything except necessities, shouldn’t it theoretically be impossible for kids to buy things like Ultra Smack Down WedgieFighter 2010 Omega Turbo Edition for their XBox, since I can’t imagine that Video Games count as a “Necessity” in a legal sense?
I’ve always assumed that what it all meant was the Minor’s couldn’t contract for anything really important- ie, Loans, Mortgages, Hire Purchase agreements, Cellphone Contracts, etc etc, but if a 16 year old wants to buy the Phatt Bass 5000 Hi Fi System with Fully Sick Subwoofa And Extra Bling, Yo, and that they’ve got the cash, then it isn’t a problem from a contractual point of view.
Anyway, if someone could enlighten me, I’d be most grateful, as I confess it’s not something I’ve really thought about before…