Explanation:

- Option 1: Void

- A minor cannot legally enter into a contract, so any agreement made *entirely* with a minor could be considered void.

- Option 2: Void but enforceable

- This usually refers to agreements that are void due to incapacity but can be ratified upon reaching legal age.

- Option 3: Valid

- A negotiable instrument can be drawn in favor of a minor, making it valid. Minors can receive payments; it's just the entering into contracts where limitations exist.

- Correct Answer: Option 3 is Valid

- Option 4: None of these

- This does not offer any new information or insights relevant to the scenario.