Part 2
Contracts legislation
Minors’ contracts:
Compromise or settlement of claims by minors
104Claim that is not subject of proceeding
An agreement for the compromise or settlement of a claim is binding on the minor if—
- the agreement was entered into by the minor, or on the minor’s behalf by a person who in the opinion of a specified court is a fit and proper person to do so; and
- the claim is not the subject of a proceeding before any court in New Zealand; and
- the agreement or a release of the claim is in writing and is approved by a specified court.
In this section, specified court means—
- a court (other than the Disputes Tribunal) in which a proceeding could be taken to enforce the claim; or
- in the case of a claim that could not be the subject of a proceeding in New Zealand, a court in which a proceeding could be taken to enforce a similar claim in New Zealand.