Nevada Revised Statutes 609.550 – Limitation on minor’s ability to dispute validity of contract approved by court
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If a contract that is otherwise valid is approved by the court by the granting of a petition, a minor may not, during his or her minority, upon reaching the age of majority or upon his or her emancipation:
Terms Used In Nevada Revised Statutes 609.550
- Contract: A legal written agreement that becomes binding when signed.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
1. Disaffirm the contract on the ground that the contract was entered into during his or her minority;
2. Rescind, avoid or repudiate the contract because of his or her minority;
3. Rescind, avoid or repudiate any exercise of a right or privilege pursuant to the contract because of his or her minority; or
4. Assert that a parent, custodian or guardian lacked authority to make the contract on behalf of the minor.