Legal Question in Credit and Debt Law in Virginia

legal age for a contract?

Can a 17 year old enter into a binding contract with a credit card company?


Asked on 5/03/04, 6:40 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: legal age for a contract?

Generally not. However, if challenged, any amounts advanced will be subject to restitution, but perhaps at a lower interest rate and without fees.

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Answered on 5/03/04, 6:48 pm


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