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National Bank of New Zealand Ltd v Ram
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National Bank of New Zealand Ltd v Ram : ウィキペディア英語版
National Bank of New Zealand Ltd v Ram

''National Bank of New Zealand Ltd v Ram'' () 4 NZBLC 102,619 is a New Zealand case that covers the grey area of the legal capacity of minors when they are between 18 and 20 years old.
==Background==
Martin Ram was an 18-year-old high school student. His brother was in the process of purchasing a takeaway bar, and was using a company structure to own it. Due to a legal requirement at the time, a company needed at least two shareholders, resulting in Ram taking only a nominal shareholding of only one share (and his brother owning the remaining shares). Ram took no involvement in his brother’s new business.
Unfortunately for Ram, the company sought a loan from the National Bank, which required all shareholders to personally guarantee the debt. The loan later came into default, and the bank sued both shareholders individually under the guarantees they gave earlier.
Ram filed a defense under section 5(2) of the Minors Contracts Act claiming the guarantee was oppressive, as he claimed the bank did not explain the nature and effect of the guarantee at the time he signed.

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