Your kids are great but they sometimes do foolish things and lately you've been wondering just how far your responsibility extends. You know you must feed, clothe, and shelter your children, provide them with care and an education. But are you also liable for their acts? What about if a minor child enters into a contract?
These are difficult questions that are best answered in the specific rather than the abstract. But an understanding of some parental liability and contracting basics can guide you to the right conclusion.