What is the significance of the age of majority in relation to legal contracts?
A)People below the age of majority can directly enter into lawful contracts.
B)Mentally incompetent persons need to achieve the age of majority in order to enter into a legal contract.
C)It is the age above which people of capacity can enter into a legal contract.
D)Minors who have entered the age of majority require his or her parents or guardian's consent to enter into a legal contract with adults.

Question

Quizplus · Accepted Answer

The age of majority is the age at which a person is no longer considered a minor and is legally recognized as an adult. This means that individuals above the age of majority have the legal capacity to enter into contracts without their parents or guardians' consent. Therefore, option C is the correct choice as it accurately reflects the significance of the age of majority in relation to legal contracts.

What Is the Significance of the Age of Majority in Relation