Under Iowa law a minor may cancel a contract for the purchase of property but the minor must make full restitution to the seller upon cancelling the agreement.if a 16-year old buys a car from a private seller for $5,000 and goes out an wrecks the car, the minor may set aside the contract. the minor is also responsible to pay for any damage to the car, must pay for the "fair usage of the car" (about 50 cents per mile driven), pay for any depreciation to the car, pay to have the car re-titled back in the seller's name and so forth.The bottom line is often even though the minor may wish to disaffirm the car purchase, he effectively cannot do so since it will cost more in restitution than to just keep the car.Do you think this is right or is Iowa law too strict?