Upon attaining the age of majority,a minor may be bound by two kinds of voidable contracts,namely
A)contracts that create an interest of a continuous and permanent nature,and contracts that are ratified by the minor.
B)contracts pertaining to real estate,and contracts pertaining to intellectual property.
C)contracts of service and contracts of employment
D)contracts of purchase,and contracts of sale.
E)contracts that concern necessaries,and contracts that concern non-necessaries.

Question

Quizplus · Accepted Answer

Contracts that create an interest of a continuous and permanent nature, such as contracts for real estate or long-term leases, are binding on minors even if they are not ratified. On the other hand, contracts that are not of a continuous and permanent nature, such as contracts for goods or services, are voidable by the minor until they are ratified after attaining the age of majority.

Upon Attaining the Age of Majority,a Minor May Be Bound