Any business firm or merchant that decides to enter into a contract with a minor assumes the risk (in the case of a contract for a non-necessary) that the minor might repudiate the agreement.

Question

Quizplus · Accepted Answer

Contracts with minors for non-necessaries are generally voidable at the option of the minor, meaning the minor can choose to repudiate or cancel the agreement, leaving the business or merchant at risk.

Any Business Firm or Merchant That Decides to Enter into a Contract