Majority

The term 'majority' can refer to more than half of a group, especially in voting contexts, or the age at which a person is considered legally independent and responsible for their actions.

Definition of Majority

  1. Majority in Voting Contexts:
    More than half of a group, as when a vote is taken. This type of majority is often used in various contexts, including corporate governance, elections, and policy decisions. Achieving a majority is often necessary for decisions to be enacted.

  2. Majority Age (Legal Age):
    The age at which one is no longer a minor and is fully able to conduct one’s own affairs independently. This legal age varies by jurisdiction, typically ranging from 18 to 21 years. Reaching majority age means an individual can enter legally binding contracts, vote, and perform other legal actions without parental consent.

Examples

  1. Example in Voting:
    A board meeting for a corporation requires a majority vote to pass a new policy. If there are 10 board members, at least 6 must agree for the policy to be enacted.

  2. Example in Legal Context:
    In the United States, when an individual turns 18 (in most states), they reach the age of majority and can vote, enter contracts, and assume full legal responsibility.

Frequently Asked Questions

Q1: What is the difference between a simple majority and an absolute majority?
A1: A simple majority requires more than half of those present and voting, whereas an absolute majority requires more than half of all eligible voters, regardless of whether they vote or not.

Q2: What responsibilities come with reaching the age of majority?
A2: Upon reaching the age of majority, individuals gain the right to enter into contracts, vote in elections, and be fully accountable under the law. They can act independently of their parents or guardians.

Q3: Can the age of majority differ between countries?
A3: Yes, the age of majority varies globally. While 18 is common in many countries, others set it at 21 or different ages depending on the legal context.

Q4: What happens if a minor makes a contract before reaching the age of majority?
A4: Contracts made by minors can often be voided by the minor, as they are not fully legally responsible until they reach the age of majority.

Q5: Is the concept of majority used in contexts other than voting and legal responsibility?
A5: Yes, majority can also refer to holding the predominant share in a corporation’s equity, known as majority shareholder.

  • Majority Shareholder: A shareholder who owns more than 50% of a company’s shares, thus having significant control over company decisions.
  • Minor: A person who has not yet reached the legal age of majority and is not fully capable of undertaking legal responsibilities on their own.
  • Simple Majority: A method of decision-making that requires more than half of the votes cast by individuals who are present and voting.

Online References

Suggested Books for Further Studies

  • “Legal Research, Analysis, and Writing” by William H. Putman
  • “Business Law: Text and Cases” by Kenneth W. Clarkson, Roger LeRoy Miller, and Frank B. Cross
  • “The General Theory of Employment, Interest, and Money” by John Maynard Keynes (for broader economic implications of majority decision making)

Fundamentals of Majority: Law Basics Quiz

### What percentage of votes is needed to achieve a simple majority? - [ ] Exactly 50% - [x] More than 50% - [ ] At least 60% - [ ] At least 75% > **Explanation:** To achieve a simple majority, more than 50% of the votes cast by those present and voting is needed. ### At what age is one typically considered to have reached the age of majority in most U.S. states? - [ ] 16 - [ ] 17 - [x] 18 - [ ] 21 > **Explanation:** In most U.S. states, the legal age of majority is 18, allowing individuals to conduct their own affairs independently. ### Can the age of majority differ even within a single country? - [x] Yes - [ ] No - [ ] Only in federal countries - [ ] Only in large countries > **Explanation:** In some countries, the age of majority can differ by region or state within the country. ### What is a majority shareholder? - [ ] A shareholder with the smallest stake - [ ] A shareholder with more than 80% of shares - [x] A shareholder owning more than 50% of a company’s shares - [ ] A shareholder with equal shares > **Explanation:** A majority shareholder owns more than 50% of a company's shares, giving them significant control over company decisions. ### What is often required for corporate decisions to be enacted? - [ ] Plurality vote - [x] Majority vote - [ ] Unanimous consent - [ ] CEO approval > **Explanation:** Corporate decisions typically require a majority vote to be enacted. ### What can happen to a contract made by a minor before they reach the age of majority? - [x] It can often be voided. - [ ] It remains fully enforceable. - [ ] It becomes a liability to the parent. - [ ] It must be approved by a court. > **Explanation:** Contracts made by minors can often be voided since they are not fully legally responsible until reaching the age of majority. ### Does a majority always imply more than half? - [x] Yes, it always implies more than half. - [ ] No, it can imply less under certain conditions. - [ ] It means exactly half. - [ ] It means any significant portion. > **Explanation:** Majority always implies more than half of a given number or total. ### What rights are generally gained at the age of majority? - [ ] Rights to social benefits - [ ] Rights to free education - [x] Right to vote, enter contracts, and be legally accountable - [ ] Right to hold public office immediately > **Explanation:** Upon reaching the age of majority, individuals gain the right to vote, enter into contracts, and be fully accountable under the law. ### Why is reaching the age of majority significant? - [ ] It marks the end of formal education. - [x] It marks full legal independence and responsibility. - [ ] It indicates eligibility for social programs. - [ ] It signifies mandatory retirement. > **Explanation:** Reaching the age of majority is significant because it marks full legal independence and responsibility, allowing individuals to conduct personal affairs without parental consent. ### In a corporate meeting, if there are 20 members, how many must agree to achieve a simple majority? - [ ] 10 - [ ] 11 - [x] 11 for simple majority (more than half) - [ ] 15 > **Explanation:** For a simple majority with 20 members, more than 10 must agree, so the minimum number for a simple majority is 11.

Thank you for enhancing your understanding of the term ‘majority’ through this comprehensive guide and quiz. Continue your study to master key concepts in business and law.

Wednesday, August 7, 2024

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