Section 18: Contractual rights of a child

(1) No child shall enter into a contract, except as provided in this section.
(2) Any contract, except a contract for necessaries, entered into by a child for repayment of money lent or for payment of goods supplied to the child, shall be void.
(3) Accordingly-
(a) no action shall be brought against a child by a person after the child has attained the age of majority, to pay a debt contracted before majority or ratified on majority or any promise of contract made by the child before majority, whether or not there was new consideration for the promises or ratification after the Child attained majority;
(b) if a child who has entered into a contract for a loan which is void agrees after majority to pay the loan, the agreement in whatever form it may be, shall be void safar as it relates to money which is payable in respect of the loan.