A contract entered into between a competent adult and minor is:

A contract between a competent adult and a minor is considered voidable by the minor. This means that the minor has the right to choose to affirm or reject the contract at any point until they reach the age of majority or a reasonable time afterward. This legal principle is rooted in the understanding that minors may lack the full capacity to understand the consequences of their contractual obligations. Therefore, the law offers them protection by allowing them to void the contract to prevent exploitation or unfair disadvantage.

In contrast, while the contract itself is not automatically void, the adult party does not have the same right to void the contract simply because the other party is a minor. This makes the specific legal environment concerning contracts with minors unique, emphasizing the capacity issues associated with age. Understanding this distinction is essential for anyone involved in real estate or leasing as it impacts the validity and enforceability of contracts in those circumstances.