Can A Parent Cancel A Child's Sale of a Horse?
Full Question:
Answer:
In most states, the age of majority is 18. It is generally held that a minor does not have the capacity to enter into a binding contract except for "necessites". Until the age of majority, a minor has the power to disaffirm a contract in many cases. However, the minor is the only party having power to disaffirm a contract.
The answer will depend on all the facts and circumstances involved. Generally, a bona fide purchaser is one who takes possession without know of any defect in title or claims on the property. If the person in good fath was unaware of any fact which would cause a reasonable person to doubt on the right of the seller to have sold it, the sale will typically be upheld. A minor generally has authority to sell an item without parental permission, as long as the minor has full ownership and possession or unless the contract terms state otherwise. It will be a matter of subjective determination for the court whether the sale was valid, based on all the facts and documents involved.