Contracts
A real estate contract signed by a minor (under 18) in Arkansas is:
AVoid and has no legal effect
BVoidable at the minor's election but binding on the adult✓ Correct
CFully enforceable against both parties
DAutomatically ratified when the minor turns 18
Explanation
A contract signed by a minor is voidable at the minor's option. The adult party is bound, but the minor may disaffirm the contract. When the minor reaches majority (18), they may choose to ratify or void the contract.
Related Arkansas Contracts Questions
- An addendum to a real estate contract:
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