age to enter into legal contract
Minors (individuals under age 18) and people who are mentally incompetent do not have the legal capacity to enter into contracts. All other people are considered to have the legal capacity to enter into contracts. In New Mexico and most states, the legal age for entering into contracts is 18 (see NMSA Â§28-6-1). A contract between a minor and an adult may be cancelled upon request of the minor, but is binding on the adult.