True or False: Contracts are enforceable at the option of the minor only.

The statement that contracts are enforceable at the option of the minor only is true. In the context of Canadian law, a minor (someone under the age of 18, depending on the jurisdiction) generally has limited capacity to enter into contracts. This means that a contract made by a minor is voidable at the minor's discretion. Essentially, a minor can choose to enforce the contract or to void it, depending on their circumstances and interests.

This principle is designed to protect minors from entering into agreements that they may not fully understand or that may not be in their best interest. For instance, if a minor purchases a car, they have the right to disaffirm the contract upon reaching the age of majority, or even before, thereby avoiding any legal obligations that they might not have been capable of comprehending completely at the time of the agreement.

This aspect of contract law exemplifies a safeguarding mechanism meant to ensure that minors are not unjustly bound by contractual commitments that they may not fully appreciate. Therefore, the enforceability of contracts in the context of minors indeed rests primarily with their option, confirming the truth of the statement provided.