When considering a minor who attains the age of majority, the minor may now become liable for obligations that could not be enforced against them while they were a minor. These non-necessary contracts are voidable contracts. What are the two types? Describe each briefly - what are they, where or with respect to what do they apply and what must a minor do with respect to each if they wish to be released and/or bound? What is the possible effect of delay? What other way may a minor lose the right to repudiate?

Subject Business law