The traditional rule is that,when the consideration given by the adult party under a minor's contract has been lost,damaged,destroyed,or has depreciated in value,the minor can disaffirm without compensating the adult for the loss in any way.

Consideration Given

The value (such as money, service, or goods) promised in a contract to persuade a party to agree to the contract.

Minor's Contract

An agreement entered into by a person under the age of legal competence, which renders the contract voidable at the option of the minor.

Disaffirm

The act of denying, rejecting, or declaring a contract or agreement void, typically used in legal contexts where an individual wants to nullify an agreement.