8 Small obligations
(a) exceeds the pr escribed amount,
(b) arises out of a contract entered into by a minor,
(c) may be discharged in acc ordance with section 7, or
(d) is of a class prescr ibed by the regulations.
(2) A person obligated to a minor may discharge the obligation by
(a) delivering the relevant property to
(i) the minor, if the minor has a legal duty to support
another person, or
(ii) a guardian who has the po wer and responsibility to make
day to day decisions affecting the minor,
a n d
(b) obtaining an acknowledgment in the form prescribed by the
regulations from the person to whom the property is
delivered.
(3) A person obligated to a minor is entitled to rely on a
representation in the acknowledgment.
(4) A guardian who receives property under subsection (2) holds
the property as trustee for the minor.
(5) Nothing in this section affects the duty of a trustee to deal with
trust property in accordance with the terms of the trust.