The correct answer is: D. Minor only
A minor is a person who has not attained the age of majority, which is usually 18 years old. In most jurisdictions, minors are not legally bound by contracts, including contracts involving negotiable instruments. This means that a minor can draw, indorse, deliver, and negotiate negotiable instruments without being held liable for the obligations created by the instrument.
However, there are some exceptions to this rule. For example, if a minor signs a negotiable instrument as an accommodation party, they may be held liable for the instrument’s obligations. Additionally, if a minor receives consideration for their signature on a negotiable instrument, they may be estopped from asserting their minority as a defense.
In general, it is advisable to avoid entering into contracts with minors, as the enforceability of such contracts is uncertain. If you must enter into a contract with a minor, it is important to get the consent of a parent or guardian.