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As someone who has been in a pretty bad atv accident (on someone elses 4 wheeler to boot and on a friends land. My medical insurance kept trying to get information to file a lawsuit against my friends b/c it happened on their land. I told them it was my four wheeler and I refused to tell them whose land it was on.) I wouldn't let someone elses kid on my atv without talking with their parents first.
Maybe they don't want their son to ride them and thats why it has been avoided by him? I dunno...I guess it also depends on the ages/demeanor/experience level of all the kids involved if they would even be allowed to ride at all.
Now its probably pretty hard to get into too much trouble on a 50cc bike but still...when someone's kid gets hurt people often look for ways to make themselves feel better, signed waiver or no signed waiver it would not be a comfortable situation to be in if something went wrong and you can sue for anything doesn't mean you can win but lawyers and time aren't free.
Go with your gut on this one imo, wait until you have a good long talk with the kids parents and take it from there.
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