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