Which statement is true about contracts and minors?

In the context of contracts involving minors, the statement that agreements with minors are void ab initio is accurate. This concept means that such agreements are considered invalid from the outset. According to contract law, minors—typically defined as individuals below the age of majority—lack the legal capacity to enter into binding contracts. As a result, any contract they enter into is not enforceable against them.

This legal principle is designed to protect minors from being bound by agreements that they may not fully understand or have the maturity to evaluate. It ensures that they are not held accountable for obligations that they entered into during a time of immaturity. Consequently, minors have the right to disaffirm contracts they have entered into, providing them with a safeguard against exploitation.

The other statements imply different levels of enforceability or capacity that do not align with established legal principles regarding minors and contracts, reinforcing the notion that agreements made by minors are inherently void.