Which of the following statements is true about minors as parties to a contract? O In a number of states, courts do not hold a minor who has misrepresented his or her age liable. O Upon ratification, a minor retains the right to disaffirm. O A contract into which a minor has entered is voidable at the election of the minor. O A minor can explicitly ratify a contract and forego disaffirmance even before reaching the age of majority. O A minor cannot be held liable in any way for contractual promises involving necessaries of life such as shelter and medical care.