A minor generally may disaffirm a contract before reaching majority. The minor may also do so within a reasonable time after reaching majority, but if he or she fails to do so, the contract is ratified and binding.

Question

A minor generally may disaffirm a contract before reaching majority. The minor may also do so within a reasonable time after reaching majority, but if he or she fails to do so, the contract is ratified and binding.​

Quizplus · Accepted Answer

Minors have the legal right to disaffirm (cancel) contracts before reaching the age of majority and for a reasonable period after reaching majority. If they do not disaffirm the contract within a reasonable time after reaching majority age, it is considered ratified and becomes binding.

A Minor Generally May Disaffirm a Contract Before Reaching Majority