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a person under the age of eighteen (in the US, i believe) cannot sign legally binding contracts. if this is so, then they are probably violating a great many contracts if they are an adult webmaster, such as those with affiliates, content providers and hosts.
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This doesn't follow. Just because a contract doesn't legally bind a person, does not mean that they are violating those contracts.
At 16, I can sign a contract to pay money in exchange for a car. I can then pay the money and get the car. The contract isn't binding, but I can still execute it, and it's not illegal.
By your logic, any transaction of any kind would be illegal if it involved a person under 18 years of age.