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ContractsContract ValidityMEDIUM

A contract entered into by a minor is generally considered:

Correct Answer

B) Voidable at the minor's option.

In Alaska, as in most states, a contract entered into by a minor (someone under 18) is voidable at the minor's option. The minor may disaffirm the contract upon reaching the age of majority, but the other party cannot void it. This protects minors from being bound by contracts they may not fully understand.

Answer Options
A
Void and unenforceable by either party.
B
Voidable at the minor's option.
C
Fully enforceable against the minor.
D
Valid only if a parent or guardian co-signs.

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Related Topics & Key Terms

Related Topics:

capacity

Key Terms:

minor
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