Indicate whether the following contracts are valid, void or voidable AND give the reason for the correct answer.

1) Lutho, aged 5, enters into a contract with Alfie, aged 11, for the sale of his bicycle.

2) Richie buys two bottles of floor cleaner from Yellow Shoppe as he thinks that he has run out of floor cleaner. At home when he looks in the cupboard where he keeps his cleaning supplies, he sees that he still has three bottles of floor cleaner left over.

3) Neo's estate has been sequestrated by the Gauteng South High Court. Wally is appointed as Neo's trustee. Neo sells his car, that he owned prior the sequestration of his estate, to Charles for R125 000, without the agreement having been approved by Wally.