Chat with our AI personalities
list the characteristics of a simple contract
Explain the significance of letter of credit in international marketing?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
According to my knowledge, prepaid credit cards do not have contracts. The reason being is the credit card is prepaid. This means that the card is already paid for, therefore there is no contract to be signed in the first place.
A credit card requires a contract. Contracts can not be executed with a minor (someone under 18). So you would need a parent or guardian to be a co-applicant or guarantor if you want a credit card.