If Frank buys a used car from Honest Bob's Used Cars, and Frank is a minor, the parties have a(n) _____ contract.

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A voidable contract is one that may be canceled by one or both parties. It is enforceable against both parties unless a party with the right to cancel the contract has done so. Minors have the legal right to cancel their contracts. So, if Frank buys a used car from Honest Bob's Used Cars, and Frank is a minor, the parties have a voidable contract. It is binding and enforceable against both parties unless Frank decides to cancel the contract.

If Frank Buys a Used Car from Honest Bob's Used