The traditional rule is that, where the consideration given a minor under a minor's contract has been lost, stolen, or dissipated, the minor can disaffirm without compensating the adult for the loss in any way.

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This traditional rule is known as the "doctrine of necessaries" and it allows a minor to disaffirm a contract without compensating the adult for any losses. However, some states have modified this rule and may require the minor to pay for the reasonable value of the goods or services received before disaffirming the contract.

The Traditional Rule Is That, Where the Consideration Given a Minor