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What is contract and agreement?
There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.
Can you make a bank account without a parent?
A minor needs to have a joint account, with someone legally able to sign a contract (no one under 18 can sign a contract) in the USA.
Can a minor finance a car?
In most cases, a minor cannot finance a car on their own because they are not legally able to enter into a contract. They would typically need a co-signer, such as a parent or guardian, to help them secure financing for a car.
Can a 17 year old get a motorbike on finance?
A 17 year cannot get a motorbike on finance. This is because it is illegal for a minor to enter into a contract involving money.
Can you have a credit card at age 13?
A minor cannot enter into a legal contract so cannot have their own credit card account. The only way that a 13 year old can get a card is as an additional cardholder attached to his or her parent's or other adults account. Since the adult is responsible for payment they can attach a minor to the account.
