Contracts
In Alaska, a lease that is entered into by a tenant who is later declared legally incompetent is:
AAutomatically void
BVoidable by the incompetent person's legal guardian✓ Correct
CBinding and cannot be cancelled
DValid only for 30 days after the declaration of incompetency
Explanation
Contracts entered into by persons who are later declared legally incompetent are typically voidable — the incompetent person's guardian or conservator may have the ability to rescind the contract. Whether the contract can be voided depends on the nature and timing of the incompetency.
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