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Can a 16-year-old who has a successful part-time job and runs two of his own businesses get a car loan and if not why not? |
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Answer
No you can not. You must be at least 18 to enter in to a legally binding contract.
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Answer
Why Not?!?!?!
Because in the law's eyes you are still a minor. A minor cannot be held liable for any contracts that they get into, therefore, businesses and most reasonably smart individuals will not get into a contractual matter with anyone under 18, because those are the only contracts that can be broken 'for no reason at all'
First answer by ID0000000000. Last edit by ID1075433262. Question popularity: 154 [recommend question]
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