A contract is a legally binding agreement between two or more parties. However, there are situations where a contract may be deemed voidable, meaning that one or both parties have the option to cancel the contract. One such situation arises when a minor enters into a contract.

In legal terms, a minor is someone who has not yet reached the age of majority. In most states, the age of majority is 18 years old. When a minor enters into a contract, that contract can be deemed voidable. This means that the minor can choose to cancel the contract at any time before they reach the age of majority or shortly after.

The reason for this is that minors are deemed to be legally incapable of making certain decisions, including entering into binding contracts. The law recognizes that minors are still in the process of developing their judgment and decision-making skills. As such, contracts entered into by minors are often considered to be unenforceable.

There are a few exceptions to this rule. For example, a minor may enter into a contract for necessities like food, shelter, and clothing. In these cases, the contract will generally be enforceable, as it is necessary for the well-being of the minor.

It’s worth noting that even if a contract is deemed voidable, the other party may still be able to recover damages if they suffered losses as a result of the minor`s actions. For example, if a minor enters into a contract to purchase an expensive item and then cancels the contract, the other party may be able to recover any costs or lost profits they incurred as a result.

It’s important to understand the implications of entering into a contract with a minor. If you are considering entering into a contract with someone who is under the age of 18, it’s important to do your due diligence and ensure that the contract is valid and enforceable. If you have any doubts, it’s best to consult with a legal professional before signing on the dotted line.

In summary, a contract entered into by a minor is generally considered to be voidable. This means that the minor has the option to cancel the contract before they reach the age of majority. While there are exceptions to this rule, it’s important to understand the implications of entering into a contract with a minor and to take appropriate precautions to ensure that the contract is valid and enforceable.