A minor's agreements are void and cannot be ratified or create estoppel, even if the minor becomes insolvent. Agreements by those of unsound mind or those who are disqualified like convicts or insolvents are also not enforceable. Minors and those of unsound mind have limited capacity to enter into contracts under law.

2. Capacity to Contract
MINOR PERSON OF
UNSOUND
MIND
AGREEMENT
BY A
DISQUALIFIED
PERSON

3. 1. Minor
Void Agreement
No Ratification
No estoppels against minor
No insolvency
Minor as a shareholder
Minor as an agent

4. 2. PERSON OF UNSOUND
MIND

5. 3.AGREEMENT BY A DISQUALIFIED
PERSON
Convicts
Alien enemy
Insolvency