Jack, a 17 year old drops in at a Great Buy store to purchase an Xbox on an installment payment plan. A week later, Jack, after playing games on a new Nintendo, wants to return his Xbox to Great Buy and cancel the contract. What is the legal status of Jack's agreement with Great Buy? Since Jack is a minor and the Xbox is not a necessary of life, either Jack or Great Buy may void the agreement ince Jack is over 16 years of age neither he nor Great Buy can cancel the contract and he is legally ound by the agreement Since Jack is a minor and the Xbox is not a necessary of life, Jack may cancel the agreement, but Great Buy cannot Since the agreement provides a benefit to Jack, it is a valid contract which Great Buy can enforce against Jack's parents since he is a minor