lee entered into a rental agreement with custom rentals for one month lease of a motorcycle by misrepresenting his age as being 20 when, in reality, he was only 17 years of age. The agreement required lee to assume responsibility for any damage to the machine while it was in his possession. Lee rented the motorcycle to spend the month biking with his friends. A week after lee acquired the machine he lost control of the motorcycle on a sharp turn in the road, and the machine was badly damaged in the ensuing accident. Lee refused to pay for the rental and damage on the basis that he had not attained the age of majority, and was not liable in contract

i. Discuss the law concerning contracts with minors, the rights of custom rentals, and comment on the likelihood of success if it should take legal proceedings against lee.

ii. Would it make any difference if lee had rented the motorcycle for transportation to work in order to support himself?

iii. What is a legal risk management plan and how is it developed? How could custom rentals have managed the risk?