Section 3-103. Contracts pursuant to the "Servicemen's Readjustment Act of 1944" as amended; when they may not be disaffirmed

1.  A  veteran,  eligible  for the benefits provided for in Section 1801 and following of
  Title 38 of the United States Code, and  the  spouse  of  such  veteran,
  regardless  of  the minority of either or both and without limitation of
  the powers of any such person who is of full age, shall each have  power
  (a)  to  enter  into  and  contract  for a loan or loans to such veteran
  pursuant to such title; (b) to receive, hold  and  dispose  of  real  or
  personal  property, make and execute contracts, notes, deeds, mortgages,
  agreements and other instruments, and take  any  other  action,  to  the
  extent  necessary  or  appropriate  to  effect  any  such  loan, provide
  security therefor, carry out or modify the terms thereof, and effect any
  compromise or settlement of any such loan or of any claim  with  respect
  thereto; and (c) to dispose of real or personal property so acquired and
  make  and  execute  contracts,  deeds,  agreements and other instruments
  necessary or appropriate for such purpose.
    2. Notwithstanding any contrary provision or  rule  of  law,  no  such
  veteran  or  spouse  shall  have  the  power  to  disaffirm,  because of
  minority, any  act  or  transaction  which  he  or  she  is  hereinabove
  empowered  to  perform  or  engage  in, nor shall any defense based upon
  minority be interposed in any action or proceeding arising  out  of  any
  such act or transaction.