In Some States,minors Are Liable for Contracts Involving Bank Accounts

question 13

True/False

In some states,minors are liable for contracts involving bank accounts and student loans and cannot avoid these contracts even though they can avoid other types of contracts.

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Definitions:

Proximate Cause

The legal principle that establishes the cause of an event as being sufficiently related to an injury to be held legally liable for that injury.

Negligent Conduct

Behavior that falls below the standard of care expected to protect others against unreasonable risk of harm.

Defendant's Negligence

Defendant's negligence is a legal concept where the defendant failed to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to harm or damage.

Negligence Per Se

An act that is considered negligent because it violates a statute or regulation.