A valid transaction allows the minor to repudiate the contract.

Question

Quizplus · Accepted Answer

A valid transaction typically means that all parties have agreed to the terms and conditions of the contract, including minors if they are legally allowed to enter into contracts. However, the ability of a minor to repudiate (cancel) a contract is a protection specifically given to minors under the law, recognizing their limited capacity to make fully informed decisions. This means that while a transaction can be valid, the law allows minors certain protections, including repudiation, but this does not inherently make every transaction with a minor repudiable by default.

A Valid Transaction Allows the Minor to Repudiate the Contract