Which of the following statements is not true concerning the contractual capacity of minors in New South Wales?
A) Minors who affirm (ratify) an unenforceable when they reach 18 years of age are legally bound from the time of the ratification.
B) The relevant statute is the Minors (Property and Contracts) Act 1970
C) Persons who are under 18 years of age have the right to enter into a contract
D) Minors who have entered contracts are bound by the common law and the Minors (Right of Contract) Act 1972.
Correct Answer:
Verified
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