What is a common reason that minors may lack legal capacity?

Minors often lack legal capacity primarily due to age restrictions set by law. The legal system recognizes that individuals below a certain age do not possess the necessary maturity or understanding required to make informed decisions about legal matters. This age threshold varies by jurisdiction, but it serves as a protective measure to ensure that minors are not held accountable for decisions they may not fully comprehend or appreciate, particularly in contracts or legal obligations.

While factors like parental guidance, social experience, or financial knowledge can influence a minor's ability to make wise choices, it is the age restrictions outlined in legislation that explicitly define their legal capacity. These laws are designed to safeguard minors from potential exploitation or harm that could arise from their lack of experience and understanding in complex legal situations.