OLD ENOUGH TO FIGHT, OLD ENOUGH TO SWIPE: A CRITIQUE OF THE INFANCY RULE IN THE FEDERAL CREDIT CARD ACT. | CU Experts

Overview

This Article proceeds as follows. Part II recounts the history of legal adulthood, showing that it was originally set at twenty-one years in the Middle Ages, but was subsequently lowered in the late twentieth century. This Part focuses on four areas—voting, jury service, death eligibility and contracting—and elaborates on how extending the right to contract to eighteen-year-olds created a new class of youthful entrepreneurs. Part III describes section 301 of the CARD Act and criticizes it for contradicting our modern view of adulthood and for undermining socially beneficial youthful entrepreneurship. Part IV concludes with a call to repeal section 301. [ABSTRACT FROM AUTHOR]