Young, J.
I believe this Court must determine whether a preinjuiy liability waiver signed by a parent on behalf of his child is enforceable under the common law and, if not, whether this Court should change the common law to enforce such a waiver. I would hold that a parental preinjury waiver is unenforceable under Michigan’s common law because, absent special circumstances, a parent has no authority to bind his child by contract. I would further decline to change the common law rule.
While this Court unquestionably has the authority to modify the common law,1 such modifications should be made with the utmost caution because it is difficult for the judiciary to assess the competing interests that may be at stake and the societal trade-offs relevant to one modification of the common law versus another in relation to the existing rule.
[232]*232Ironically, defendant has consistently denied that the common law explicitly precluded use of parental preinjuiy waivers. As a result, defendant has never advocated a specific change in the common law, much less provided the Court with any analytic framework concerning such an alternative rule or any meaningful assessment of possible consequences that might attend a change in the existing rule. Particularly in light of the historic duration of the common law rule generally precluding parental waivers, and because the proponent requiring the change has essentially failed to provide any critical argument and analysis in support of the change, I would decline to alter the existing rule. 2 Accordingly, I would affirm the judgment of the Court of Appeals and remand the case for further proceedings consistent with this opinion.3
[233]*233I. FACTS AND PROCEDURAL HISTORY
The underlying facts are simple and likely familiar to many parents with young children. Five-year-old Trent Woodman’s parents had his birthday party at Bounce Party, which defendant Kera LLC operates and which is an indoor play area that contains inflatable play equipment. Before the party, Trent’s father, Jeffrey Woodman, signed a liability waiver on Trent’s behalf. The waiver provided in pertinent part:
THE UNDERSIGNED, by his/her signature herein affixed does acknowledge that any physical activities involve some element of personal risk and that, accordingly, in consideration for the undersigned waiving his/her claim against BOUNCE PARTY, and their agents, the undersigned will be allowed to participate in any of the physical activities.
By engaging in this activity, the undersigned acknowledges that he/she assumes the element of inherent risk, in consideration for being allowed to engage in the activity, agrees to indemnify and hold BOUNCE PARTY, and their agents, harmless from any liability for personal injury, property damage or wrongful death caused by participation in this activity. Further, the undersigned agrees to indemnify and hold BOUNCE PARTY, and their agents, harmless from any and all costs incurred including, but not limited to, actual attorney’s fees that BOUNCE PARTY, and their agents, may suffer by an action or claim brought against it by anyone as a result of the undersigned’s use of such facility.
[234]*234Participant:_Signature:_
PRINTED NAME Parent or Legal Guardian’s signature if participate [sic] is under age 18.
Date:_
BE SURE YOU COMPLETE THIS CARD AND SEND IT WITH THE PARTY GUEST!
Mr. Woodman signed the form as the parent and Trent’s name was printed on the form as the “participant.”4
During the party, Trent jumped off a slide and broke his leg. Trent, by his mother, Sheila Woodman, as next friend, filed suit against defendant, alleging negligence, gross negligence, and violation of the Michigan Consumer Protection Act (MCPA).5 Defendant sought summary disposition, arguing, in pertinent part, that plaintiffs claims were barred by the liability waiver. Plaintiff filed a cross-motion for summary disposition, arguing that the waiver was invalid as a matter of law because a parent cannot waive, release, or compromise his child’s claims. The trial court ruled that the waiver barred plaintiffs negligence claim,6 but not plaintiffs gross negligence or MCPA claims.
[235]*235Plaintiff appealed the waiver issue, and defendant appealed the gross negligence and MCPA issues. The Court of Appeals reversed and held that the waiver was invalid to bar the negligence claim.7 The lead opinion, authored by Judge TALBOT, provided a thorough discussion of the validity of parental waivers in foreign jurisdictions as well as under Michigan law. The lead opinion concluded that under Michigan common law, “ ‘a parent has no authority merely by virtue of the parental relation to waive, release, or compromise claims of his or her child.’ ”8 Thus, the lead opinion concluded, “the release signed on behalf of [Trent] cannot be construed as valid”9 and “the designation or imposition of any waiver exceptions is solely within the purview of the Legislature.”10 Judges BANDSTRA and SCHUETTE “reluctantly” concurred, noting their hope that this Court or the Legislature would address the [236]*236issue and change the common law to permit a parent to waive the tort claims of their minor children.11
Defendant sought leave to appeal, and this Court granted defendant’s application, limited to considering “whether the parental preinjury liability waiver was valid and enforceable.”12
II. STANDARD OF REVIEW
This Court reviews de novo the grant or denial of summary disposition.13
III. DISCUSSION
Defendant seeks to have this Court enforce the parental preinjury waiver that Mr. Woodman signed on behalf of his son. As stated, I believe that this Court must determine whether a parental preinjury waiver is enforceable under the common law and, if not, whether we should exercise our authority to change the common law and enforce such a waiver.
A. THE COMMON LAW
A parental preinjury waiver is a contract. Mr. Woodman purportedly signed the contract on behalf of his son. Consequently, defendant necessarily asserts that the contract is enforceable against Trent because Mr. Woodman had authority to bind his son to the contract.
The well-established Michigan common law rule is that a minor lacks the capacity to contract.14 It is undis[237]*237puted that if five-year-old Trent had signed the waiver, defendant could not enforce the waiver against him unless Trent confirmed it after he reached the age of majority.15
[238]*238At issue is whether a minor can be bound by a contract signed on his behalf by a third party.16 Specifically, can a parent bind his child by contract if the child could not otherwise be bound? Defendant insists that, under the common law, a parental waiver is enforceable to bar the claim of a minor child. However, the Michigan common law rule is clear: a guardian, including a parent, cannot contractually bind his minor ward.17
That point of law was firmly established more than 130 years ago by this Court in Armitage v Widoe.18 In that case, the plaintiff was a minor when his father signed a land purchase contract on behalf of his son. After reaching majority, the plaintiff sought to disaffirm [239]*239the contract and recover the money his father had paid toward the purchase price on his behalf. Justice COOLEY, writing for a unanimous Court, held that the plaintiff had no interest in the contract because his father was without authority to bind him to the contract:
Had the infant in the first place undertaken to make another his agent to enter into the contract for him, the appointment would not have been valid. On the authorities no rule is clearer than that an infant cannot empower an agent or attorney to act for him. But if he cannot appoint an agent or attorney, it is clear he cannot affirm what one has assumed to do in his name as such. He cannot affirm what he could not authorize. It would be extraordinary if a party who has no power to do a particular act could yet do it indirectly by the mere act of adoption. Such a doctrine would deprive the infant wholly of his protection; for one has only to change the order of proceeding, assume to act for the infant first and get his authority afterwards, and the principle of law which denies him the power to give the authority is subverted. But such a doctrine is wholly inadmissible. The protection of infancy is a substantial one, and is not to be put aside and overcome by indirect methods.[19]
In Lothrop v Duffield,20 an attorney who represented several infants in obtaining shares of their grandfather’s estate sought to recover his fee from the minors’ estates. This Court held that the attorney could not recover directly from the minors’ estates because
[w]hatever contract relations he had were with their guardian, who could not bind the infants personally or their estate by contract (except by authority of the probate court, in accordance with law), so as to subject their estates to claims filed by third parties for expenses incurred by the guardian.[21]
[240]*240This Court set forth ample authority supporting the proposition that the guardian was without authority to bind the minors to a contract.22
The fact that the guardian in the instant case is the child’s father does not alter this bedrock legal principle. Parents, as natural guardians of a child,23 enjoy the same authority over a child as legal guardians.24 Indeed, in Power v Harlow,25 Justice THOMAS M. COOLEY made clear that a parent’s authority is limited to the care and custody of his child and that a parent is without authority to waive the rights of the child. In Power, the plaintiff child was injured while playing with an explosive on the defendant’s property. The defense sought to use the mother’s admission that the child had been warned of the danger as an admission binding on the child. The trial court held that the statement was inadmissible, and Justice COOLEY, writing for the Court, affirmed:
The natural guardian has no power to admit away the rights of the ward whose person is committed to his custody. He is guardian of the person only, having no control of any estate the ward may possess, and could not be given a control except on judicial proceedings and after giving security for responsible care. This being so, it cannot be plausibly claimed that by an irresponsible admission he [241]*241may deprive his ward of important rights. A right of action is as much property as is a corporeal possession, and, in the case of a minor, is protected by the law in the same way and under the same securities. The mother could not release it even for full consideration and by the most formal instrument-, much less, therefore, could she, by mere word of mouth, when not under oath, or otherwise chargeable with responsibility, destroy his right of action by her admissions.[26]
The longstanding and undisturbed common law rule that a parent lacks authority to bind his child by contract27 was recently acknowledged by this Court in a case in which the Legislature had abrogated the general common law rule in the medical malpractice context. In McKinstry v Valley Obstetrics-Gynecology Clinic, PC,28 the pregnant mother signed a medical waiver requiring arbitration of any claim on behalf of her unborn child. However, the mother contested the validity of that waiver after her child was injured during delivery. The Court considered the effect of MCL 600.5046(2) (since repealed by 1993 PA 78), which provided:
[242]*242A minor child shall be bound by a written agreement to arbitrate disputes, controversies, or issues upon the execution of an agreement on his behalf by a parent or legal guardian. The minor child may not subsequently disaffirm the agreement.
This Court concluded that the statute mandated that the arbitration agreement signed by the mother bind her child. In so doing, we acknowledged that the agreement would not have been binding under the general common law rule:
Our interpretation of [MCL 600.5046(2)] is a departure from the common-law rule that a parent has no authority to waive, release, or compromise claims by or against a child. However, the common law can be modified or abrogated by statute. Thus, a child can be bound by a parent’s act when a statute grants that authority to a parent. We believe that [MCL 600.5046(2)] changes the common law to permit a parent to bind a child to an arbitration agreement.[29]
Accordingly, we reaffirmed that, under the consistent and well-established Michigan common law, a parent is without authority to bind his child by contract.
In support of its claim that parental preinjury waivers are valid, defendant first contends that general freedom of contract principles render these agreements enforceable.30 This contention is entirely unpersuasive. The issue at hand is not whether a competent adult is free to contract. Rather, the relevant issue is the subject matter of the contract. This Court does not, under [243]*243freedom of contract principles, enforce contracts that the parties otherwise have no authority to enter.31 Mr. Woodman possesses no greater authority to waive the property rights of his son Trent than he possesses to waive the property rights of any other nonconsenting third party, such as his neighbor or a coworker. Thus, the answer to defendant’s freedom of contract argument is simple: the freedom to contract does not permit contracting parties to impose obligations upon and waive the rights of third parties in the absence of legally cognizable authority to do so.
Relying on O’Brien v Loeb,32 defendant’s second contention is that a parent is only prohibited from waiving a tort claim after the injury and may freely waive a tort claim before the injury. In O’Brien, this Court rejected a parent’s authority to waive her minor son’s tort claim after the injury occurred because “[t]he transaction was carried on entirely with the mother, who was without authority to bind him in the release of his cause of action against the defendants.”33 Rather than supporting defendant’s claim, O’Brien is in accord wdth the general common law rule that a parent is [244]*244without authority to bind his child by contract. O’Brien in no way creates an exception to the general common law rule, and no limiting principle or rationale may be extracted from its holding. I conclude that there is no basis to support defendant’s contention that a parent is only prohibited from waiving the child’s tort claims after the injury.34
The application of the common law in this case is simple and straightforward. The waiver at issue is a contractual release. Mr. Woodman signed the waiver on behalf of his son, thereby intending to bind Trent to that contract. Under the common law, Mr. Woodman was without authority to do so. Accordingly, the waiver is not enforceable against Trent and does not bar his cause of action. Defendant’s effort to enforce the waiver must therefore be viewed as a request that this Court modify the common law.
B. SHOULD THE COMMON LAW BE CHANGED?
The Michigan Constitution provides that “[t]he common law and the statute laws now in force, not repugnant to this constitution, shall remain in force until they expire by their own limitations, or are changed, amended or repealed.”35 Both this Court and the Legislature have authority to change the common law.36
[245]*245In this case, we are (impliedly) asked to alter a common law doctrine that has existed undisturbed for well over a century. There is no question that, if this Court were inclined to alter the common law, we would be creating public policy for this state. Just as “legislative amendment of the common law is not lightly presumed,”37 this Court does not lightly exercise its authority to change the common law.38 Indeed, this Court has acknowledged the prudential principle that we must “exercise caution and . .. defer to the Legislature when called upon to make a new and potentially societally dislocating change to the common law.”39 Whether to alter the common law is a matter of prudence and, because we share this authority with the Legislature, I believe we must consider whether the prudent course is to take action where the Legislature has not.
1. THE SUPERIORITY OF THE LEGISLATURE TO MAKE POLICY DECISIONS
This Court has recognized that the Legislature is the superior institution for creating the public policy of this state:
“As a general rule, making social policy is a job for the Legislature, not the courts. See In re Kurzyniec Estate, 207 Mich App 531, 543; 526 NW2d 191 (1994). This is especially true when the determination or resolution requires placing a premium on one societal interest at the expense of another: ‘The responsibility for drawing lines in a society as complex as ours — of identifying priorities, weighing the relevant considerations and choosing between competing [246]*246alternatives — is the Legislature’s, not the judiciary’s.’ O’Donnell v State Farm Mut Automobile Ins Co, 404 Mich 524, 542; 273 NW2d 829 (1979).”[40]
The superiority of the Legislature to address matters of public policy is positively correlated with the complexity of the government’s role in our society. During the nineteenth century, courts exercising their authority to alter the common law did so within the context of a simpler, agrarian economy. The legislatures of that era exercised a more limited regulatory role. In contrast, today’s modern legislatures exercise robust regulation of all facets of our modern, internationalized economy and the rights and responsibilities of citizens. The need for a judiciary responsive to perceived public policy needs of the state has been correspondingly reduced by the development of the Legislature as a full-time institution and its pervasive statutory regulation of our increasingly complex society.
This case illustrates why this Court should frequently defer policy-based changes in the common law to the Legislature. When formulating public policy for this state, the Legislature possesses superior tools and means for gathering facts, data, and opinion and assessing the will of the public.41 The Legislature can hold hearings, gather the opinions of experts, procure studies, and generally provide a forum for all societal factions to present their competing views on a particular question of public policy.
The judiciary, by contrast, is designed to accomplish the discrete task of resolving disputes, typically be[247]*247tween two parties, each in pursuit of the party’s own narrow interests. We are “ ‘limited to one set of facts in each lawsuit, which is shaped and limited by arguments from opposing counsel who seek to advance purely private interests.’ ”42 We do not generally consider the views of nonparties on questions of policy,43 and we are limited to the record developed by the parties. The reality of our judicial institutional limitations is a significant liability in regard to our ability to make informed decisions when we are asked to create public policy by changing the common law.
This case demonstrates these institutional limitations. Defendant openly concedes that the principal impetus for seeking enforcement of parental preinjury waivers is the protection that waivers afford its business in the face of the increasingly litigious nature of society. But for the perceived increased likelihood of a lawsuit and accompanying litigation costs, businesses such as defendant would not need parental preinjury waivers.44 Accordingly, in seeking to have its waiver [248]*248enforced, defendant requires a modification of the common law rule and thus necessarily (but only impliedly) asserts that the societal benefits of enforcing the waiver —saving defendant litigation costs — outweigh the societal costs of abrogating the common law. Defendant, however, has not provided this Court with anything beyond mere conjecture that this is true.45
This is a purely policy-driven matter with numerous costs, benefits, and trade-offs — none of which defendant has bothered to raise, much less explicate. Certainly, enforcing the common law would protect minors’ contractual and property rights and presumably encourage greater care in preventing negligent injuries to children. These are, without question, admirable societal goals with significant societal benefits that have a long provenance in this state’s jurisprudence. Changing the common law would arguably save litigation costs for businesses offering recreational activities for children and concomitantly promote the availability of a wide range of activities for children. These too are admirable societal goals.46 Of concern, however, are the potential [249]*249hidden costs that might occur if the common law were changed. For example, if parental preinjury waivers were to be enforced, there would be a possibility that business owners will have diminished incentives to maintain their property appropriately, resulting in an increased number of injuries to children. Moreover, the enforcement of preinjury waivers might result in an increased burden on taxpayers for children whose parents waived their children’s right to pursue a tort remedy but cannot afford their necessary medical care.47
These are but two illustrations of possible unintended consequences that a change in the common law here might occasion. Undoubtedly, there are many others. How are we as jurists to determine whether enforcing or changing the common law rule will result in a net benefit to society? Here we would only be able to make an uneducated guess without even a substantial analysis from the party that requires (but has not asked for) changes in the common law.48 When engaging in such rank guesswork, the weight of common law authority that has existed for more than a century must be preferred. In accord with Hippocrates’ admonition, maintaining the status quo has the significant benefit of doing no greater harm.
As stated previously, the Legislature is not similarly constrained to make policy on the basis of blind specu[250]*250lation. Thus, if changing the common law to permit a parent to bind his child to a preinjury waiver is deemed to result in a net societal benefit, the Legislature can determine that fact with reasonable assurance before subjecting the public to such a change.
Illustratively, defendant’s proffered rationale for a revision of what a majority of justices have concluded is the existing rule is the argument that a parent is presumed to act in his child’s best interests and has a “fundamental right... to make decisions pertaining to the care, custody, and control of [that] minor child[].”49 That rationale, however, is not discretely limited to preinjury waivers. Under defendant’s proffered analysis, a parent would be able to bind the child in any contract, no matter how detrimental to the child. Thus, defendant’s rationale would arguably completely abrogate the common law prohibition of guardians contractually binding their minor wards.
As explained, the common law rules regarding minors and limitations on those who would contract on their behalf exist solely for the protection of the minors.50 As unfortunate as it may be, a parent does not always act in his child’s best interests. For example, in Wood v Truax,51 the defendant’s guardian entered into a mortgage and bond when the defendant was a minor. After the mortgage went into foreclosure, the plaintiff “procured a decree for the deficiency” against the defendant. However, Wood applied the common law rules to invalidate a judgment against the defendant [251]*251because the mortgage was entered into when she was a minor and she had done nothing to affirm the contract after reaching adulthood.52 Similarly, in Tuer v Niedoliwka,53 the mother agreed on her infant child’s behalf to release the father from all child support obligations in return for $2,000. However, the Court held that a “child’s right to support from a putative father cannot be contracted away by its mother, and that any release or compromise executed by the mother is invalid to the extent that it purports to affect the rights of the child.”54 Thus, as noted in our caselaw, there have been instances in which a parent did not act in his child’s best interests, and it is certainly not unimaginable that such agreements could recur and be enforced in the absence of the common law rule that serves to protect the minor child.
As occurred in oral argument on this case, those favoring the modification of the common law rule might reflexively respond to the fact that parents do not always act in the best interests of their children by adding a qualifier to the modification of the common law rule: a parental waiver is binding on the child only if the waiver is in the “child’s best interests.” However, this effort to avoid eviscerating the protection of children now recognized in the common law rule would undoubtedly create as many problems as it would resolve. Certainly, such an approach would create ancillary litigation over whether the parental waiver was in the child’s best interests. While society might generally benefit from allowance of parental waivers for minor children, it could reasonably be asked: Is any preinjury waiver that is later asserted against a particular minor [252]*252ever in the best interests of the injured child? The existing common law is well established, clear, and easy to apply and consistently protects children; it must be preferred over a chaotic, ad hoc alternative.
2. PUBLIC POLICY ENACTED BY THIS COURT MUST BE CONSISTENT WITH THE EXISTING PUBLIC POLICY OF THIS STATE
For the reasons discussed in the preceding section, this Court must practice restraint when considering a change in the common law. I believe we must limit the exercise of our authority by creating public policy that is consistent with the existing public policy of this state. Doing so protects against unwarranted and unwanted “societally dislocating change[s]” to the public policy of this state.55 We have previously defined the proper sources of public policy to guide our analysis:
In identifying the boundaries of public policy, we believe that the focus of the judiciary must ultimately be upon the policies that, in fact, have been adopted by the public through our various legal processes, and are reflected in our state and federal constitutions, our statutes, and the common law.[56]
a. POSITIVE LAW
The preferred practice is to follow the lead of the institution best suited to make public policy for the state. Accordingly, I begin with the positive law enacted by the Legislature to determine whether public policy supports the change in the common law sought by defendant.
The Legislature has affirmatively acted to protect and preserve minors’ property interests.57 With respect [253]*253to a minor’s cause of action, the Legislature has taken two significant steps. Pursuant to MCL 600.5851, the minority tolling provision, the period of limitations for a cause of action that accrued during minority is tolled. The minor is permitted to bring his cause of action within one year of reaching majority.58 Thus, the Legislature has acted to preserve a minor’s ability to pursue and control the minor’s own claim.
Furthermore, although a parent as next friend of his child may settle a claim with the approval of the court,59 the parent’s authority to receive settlement proceeds on the child’s behalf is strictly limited. Under MCL 700.5102, a guardian or person with the care and custody of a minor may receive no more than $5,000 each year on that minor’s behalf,60 and
an individual receiving money or property for a minor is obligated to apply the money to the minor’s support and education, but shall not pay himself or herself except by way of reimbursement for out-of-pocket expenses for goods and services necessary for the minor’s support. An excess amount shall be preserved for the minor’s future support
[I]f the person first entitled to make an entry or bring an action under this act is under 18 years of age ... at the time the claim accrues, the person or those claiming under the person shall have 1 year after the disability is removed through death or otherwise, to make the entry or bring the action although the period of limitations has run. [MCL 600.5851(1).] [254]*254and education. A balance not used for those purposes and property received for the minor shall be turned over to the minor when majority is attained.[61]
Notably, the Court of Appeals has held that MCL 700.5102 does not authorize a parent to settle his child’s tort claims.62 Furthermore, in recognizing these legislative policy choices, this Court has provided by court rule that all settlements in favor of minors for payments of less than $5,000 in a single year are controlled by MCL 700.5102 and all greater settlements require the appointment of a conservator.63
These statutes evince a public policy firmly at odds with the autonomous parental control over a minor’s property rights that defendant asserts. The Legislature has consistently acted to preserve a minor’s property interest in his tort claims, and nothing in Michigan’s positive law indicates a legislative intent to abrogate the common law or extend a parent’s authority. Accordingly, positive law does not provide an anchor for altering the common law rules.
b. COMMON LAW
The common law is also a valid source for identifying the public policy of this state.64 If the change required [255]*255by defendant in order to have the parental waiver upheld were consistent with other common law doctrines, this Court could consider creating consistent public policy. Here, however, the change necessitated to validate the parental waiver is at odds with other pertinent common law doctrines.
Defendant, in seeking to enforce a parental right to bind his child by contract, requires the abrogation of not one, but two common law tenets. First, as stated, a minor lacks the capacity to contract: “Their contracts are not void but voidable, and it is for the [minor] to avoid the contract or ratify it. .. .”65 Second, a guardian cannot contractually bind his minor ward.
It should be noted that the modification defendant requires would not merely give a parent the same authority as the minor, given that a minor has no contractual authority and the minor’s waiver would not bar this action. Rather, defendant requires a modification of the common law rule that would give the parent authority to contractually bind the minor superior to that the minor himself enjoys. In short, defendant requires that the common law be changed to permit a parent to do what a minor could not do on his own behalf — enter into a contract that binds the minor. As we have previously stated, the rule that a minor lacks capacity to contract exists solely for the minor’s protection.66 “The protection of infancy is a substantial one, and is not to be put aside and overcome by indirect methods.”67 The exception required by defendant does precisely that: it removes the protections of a minor’s incapacity to contract by the indirect means of permit[256]*256ting the guardian to enter into a binding and enforceable contract for the minor.
Moreover, under the common law, minors are generally protected by the placement of greater burdens and increased potential liability on those coming into contact with minors. Thus, permitting the waiver of liability for negligent harm done to a child is inconsistent with public policy broadly recognized in the common law.
For example, a landowner is generally not liable for injuries suffered by a trespasser,68 but the attractive nuisance doctrine imposes liability for injuries suffered by trespassing children.69 Thus, the common law doctrine protects children by imposing greater liability on landowners when minors are involved.70 Also, under the common law, a minor under seven years old was incapable of contributory negligence.71 For minors older than seven, contributory negligence was based on “whether the child had conducted himself as a child of his age, ability, intelligence and experience would reasonably have been expected to do under like circum[257]*257stances.”72 Accordingly, the common law protects children hy creating an incentive to exercise greater care for minors because it limits a defendant’s ability to escape liability on the basis of the child’s contributory negligence.73
The public policy of this state reflected in these common law liability doctrines is to protect children by imposing greater liability on adults for conduct involving potential harm to children. It would therefore require an extremely compelling argument to change the common law and permit defendant to limit its liability involving children.74 Defendant has offered none.
IV CONCLUSION
The relief impliedly sought by defendant requires the creation of a new public policy for this state by modification of the common law. Although this Court has the authority to create public policy through its management of the common law, we share that authority with the Legislature. This Court has fewer tools for assessing the societal costs and benefits of changing the common [258]*258law than the Legislature, which is designed to make changes in public policy and the common law. Moreover, defendant has failed to identify any existing public policy supporting the change in the common law that it seeks; the existing positive law and common law indicate that enforcing parental waivers is contrary to the established public policy of this state. Accordingly, in matters such as these, I am persuaded that the prudent practice for this Court is conservancy of the common law.
Accordingly, I would decline to change the common law. I would affirm the judgment of the Court of Appeals and remand the case for further proceedings consistent with this opinion.