Legal Question in Banking Law in California

A 15-year old is a minor and lacks legal capacity to enter into a contract. Any contract entered into by a minor is voidable at the minor's (or the minor's parents') discretion. If a parent or other adult cosigns for the loan, then it can happen if qualified. Because of the uncertainty of the possibility of a minor voiding such a contract, it might be difficult to convince the lender to agree to the deal.