Can a 17-year-old student enter the contracts on behalf of his company before attaining the age of majority?
Full Question:
I’m a 17-year-old student and I live in North Carolina. I am seriously considering about filing a petition for emancipation. I and my friends have decided to step into a business project in collaboration with a multinational firm. None of us has attained the age of majority, yet we think this is the best time to venture into this project. If I’m successfully emancipated, will I be able to enter the contracts on behalf of our company before attaining the age of majority?
12/29/2016 |
Category: Minors » Emancipation... |
State: North Carolina |
#29110
Answer:
N.C. Gen Stat § 7B-3507 provides that:
“As of entry of the final decree of emancipation:
(1) The petitioner has the same right to make contracts and conveyances, to sue and to be sued, and to transact business as if the petitioner were an adult.
(2) The parent, guardian, or custodian is relieved of all legal duties and obligations owed to the petitioner and is divested of all rights with respect to the petitioner.
(3) The decree is irrevocable.
Notwithstanding any other provision of this section, a decree of emancipation shall not alter the application of G.S. 14-326.1 or the petitioner's right to inherit property by intestate succession.”