age at which a person can enter into binding contracts or agree to other legal acts without the consent of another adult. In most states the legal age, also called the age of majority, is 18 years.
age at which a person can enter into binding contracts or agree to other legal acts without the consent of another adult. In most states, the legal age, also called the age of majority, is 18 years old.
the official standard of maturity upon which one is held legally responsible for one's acts. Contracts for the sale or lease of real estate by a minor are voidable by the minor.
Example: Young, aged 17, signed a contract to purchase a home. Because Young was not of legal age, the seller could not enforce the contract when Young later decided not to go through with the purchase.
