Share Link. In theory, the document that Johnny gives Mark should constitute a contract that Mark could take to a court to uphold. If Johnny is of legal age to enter into a contract, then the contract ought to be considered legally binding.
However, there is the possibility that Johnny is legally old enough to own the car and drive it, but not old enough to enter into a contract. Moreover, other possible exceptions might also nullify the contract, including Johnny's state of mind at the time if his judgement was impaired or he felt pressured by Mark.
Share Link. In theory, the document that Johnny gives Mark should constitute a contract that Mark could take to a court to uphold. If Johnny is of legal age to enter into a contract, then the contract ought to be considered legally binding.
However, there is the possibility that Johnny is legally old enough to own the car and drive it, but not old enough to enter into a contract. Moreover, other possible exceptions might also nullify the contract, including Johnny's state of mind at the time if his judgement was impaired or he felt pressured by Mark.