True or False: Minors can enter into contracts, but they may void them unless they are beneficial.

Minors can enter into contracts, but the law typically provides them with the right to void those contracts at their discretion. This legal principle is rooted in the understanding that minors may not have the capacity to fully understand the implications and responsibilities associated with contractual agreements.

When it comes to beneficial contracts, such as those that provide necessary goods or services (like food or shelter), the law generally allows these contracts to remain binding, as they serve the minor's best interests. However, for contracts that are deemed detrimental or unfair, minors have the ability to void them.

This understanding ensures that minors are protected from entering contracts that they may not fully comprehend or that could exploit their lack of experience. The legal framework aims to balance the need for minors to engage in some level of contractual activity while safeguarding their rights.

The other options do not accurately reflect the law regarding minors' capacity to contract. Notably, the statement implying that only oral contracts are applicable, or that age restrictions apply when discussing the ability to void contracts, misrepresents the broad legal protections available to minors.