Common use of Accounts Owned by or for People under Eighteen (18) Years of Age Clause in Contracts

Accounts Owned by or for People under Eighteen (18) Years of Age. Anyone under eighteen (18) years of age may open and/or own an account with us, may conduct transactions on the account, and is subject to the terms, responsibilities and liabilities of this contract. We reserve the right to require any person under eighteen (18) years of age who wishes to open and/or own an account with us to have an account owner on the account who is at least eighteen (18) years of age or older who will be jointly and individually liable to us for any and all transactions on the account, and who is subject to the terms, responsibilities and liabilities of this contract.