Louisiana Civil Code 1924 – Mere representation of majority; reliance
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 1924
- Contract: A legal written agreement that becomes binding when signed.
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
The mere representation of majority by an unemancipated minor does not preclude an action for rescission of the contract. When the other party reasonably relies on the minor’s representation of majority, the contract may not be rescinded.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.