Which of the following statements is true about minors as parties to a contract?
A) A contract into which a minor has entered is voidable at the election of the minor.
B) A minor can be legally bound to contractual promises involving necessaries of life such as shelter and medical care.
C) In a number of states, courts do not hold a minor who has misrepresented his or her age.
D) A minor can explicitly ratify a contract and forego disaffirmance even before reaching the age of majority.
E) Upon ratification, a minor gains the right to disaffirm.

Question

Quizplus · Accepted Answer

A contract into which a minor has entered is voidable at the election of the minor. The minor can disaffirm the contract and legally recover any consideration that has been given an adult, even if the minor cannot return the adult's consideration.

Which of the Following Statements Is True About Minors as Parties