Accg614 - week3

Employment contracts contracts between manufacturers

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Unformatted text preview: erminology changed from “infants” to “minors” §༊  The Act completely replaced Common Law in NSW in this context §༊  Minors can repudiate a contract that does not fall within the Minors (Property and Contracts) Act before they turn 18 but not arer they turn 19. §༊  Sec=on 34 allows court to repudiate unfair contract on behalf of a minor and s37 gives the court wide powers to adjust the rights between the par=es. §༊  Sec=on 47 – an adult who guarantees a minors contract is bound as if they have guaranteed an adults contract and even if the contract cannot be enforced against the minor. 33 Minors (Property and Contracts) Act 1970 (NSW) §༊  What is a ‘benefit?’ §༊  The Act does not define ‘Benefit’ §༊  The cases indicate that the word Benefit is to be defined by examining Ø། The age of the minor Ø། The minors posi=on/standard in life Ø། Fairness of the agreement in rela=on to the minor (terms...
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This document was uploaded on 04/01/2014.

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