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book Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller cover

Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller

Edition 10ISBN: 978-1305081604
book Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller cover

Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller

Edition 10ISBN: 978-1305081604
Exercise 4
Contracts by Minors. Kalen is a seventeen-year-old minor who has just graduated from high school. He is attending a university two hundred miles from home and has contracted to rent an apartment near the university for one year at $500 per month. He is working at a convenience store to earn enough income to be self-supporting. After living in the apartment and paying monthly rent for four months, he becomes involved in a dispute with his landlord. Kalen, still a minor, moves out and returns the key to the landlord. The landlord wants to hold Kalen liable for the balance of the payments due under the lease. Discuss fully Kalen's liability in this situation.
Explanation
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Contractual capacity:
It is defined as ...

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Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller
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