BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Generally speaking, a minor may disaffirm a contract at any time before and for a reasonable time after the minor comes of age. c. The minor must disaffirm the contract in its entirety.

Detailed explanation-2: -A contract made by a minor is often voidable, but a minor can only avoid a contract during his or her minority status and for a reasonable time after he reaches the age of majority. After a reasonable period of time, the contract is deemed to be ratified and cannot be avoided.

Detailed explanation-3: -There are special instances in which minors cannot disaffirm a contract. In most states, they cannot disaffirm a contract for necessities such as food, shelter, clothing, healthcare, or employment. Minors may also not disaffirm a contract for the purchase or sale of real estate.

Detailed explanation-4: -A minor can disaffirm or avoid a contract by showing an intent not to be bound by it. Most contracts can be disaffirmed by a minor at anytime before reaching the age of majority or for a reasonable time after reaching majority.

Detailed explanation-5: -A voidable contract is initially considered legal and enforceable but can be rejected by one party if the contract is discovered to have defects. If a party with the power to reject the contract chooses not to reject the contract despite the defect, the contract remains valid and enforceable.