Which of the following statements about minor's contracts is true?

Study for the LEGL 2700 Hackleman 2 Exam. Enhance your skills with multiple choice questions, comprehensive explanations, and strategic study tips. Prepare for success!

The statement that the minor can void the contract at any time is accurate because, under contract law, minors generally have the right to disaffirm or void contracts they enter into. This right to disaffirm is grounded in the understanding that minors may lack the capacity to understand the implications and consequences of their contractual agreements. This provision protects minors from being bound to agreements that they may not fully comprehend or that may not be in their best interest.

When a minor decides to void the contract, they usually must do so before reaching the age of majority, or shortly thereafter; however, they can choose to affirm the contract once they reach majority if they wish to maintain the agreement. This ability ensures that minors are not unfairly taken advantage of in contractual situations.

In contrast, a contract being enforceable at all times, a minor needing to pay for items purchased, or a shop owner's inability to void the contract do not hold true because the law recognizes a minor's right to disaffirm most contracts, emphasizing their protection in legal agreements.

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