What is a credit agreement?

What is the legal age in california to sign a credit agreement contract?

• Daniel's Jewlers gave my 17 year old son a ring on credit. Is he legally bound to this contract if he is only 17 and no co-signer?

• Answer:

  1. A contract with a minor is not enforceable in law. 2. In the United States as of 1995, minor is legally defined as a person under the age of 21, same with the context of alcohol, people under the age of 21 may be referred to as "minors". However, not all minors are considered "juveniles" in terms of criminal responsibility. As is frequently the case in the United States, the laws vary widely by state. 2.1 In eleven states, including Georgia, Illinois, Louisiana, Massachusetts, Michigan, Missouri, South Carolina, and Texas, a "juvenile" is legally defined as a person under 17. In two states, New York and North Carolina, "juvenile" refers to a person under 17. In other states a juvenile is legally defined as a person under 18. 2.2 For more details, please read at: http://en.wikipedia.org/wiki/Minor_(law)#United_States .