Which of the following statements is correct in relation to the contractual rights and obligations of minors (persons under 18 years) in New South Wales?
A) Contracts with minors are presumptively binding,which means the courts will assume they are valid.
B) Contracts with minors are not presumptively binding,which means the courts will assume they are not valid.
C) Minors can only make valid contracts for necessaries,such as basic food and accommodation.
D) Minors who make gifts of cash or property to a third person are not legally bound by these types of agreements.
Correct Answer:
Verified
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