In California, a minor (under age 18) who purchases real property may:
Why Disaffirm the contract upon reaching majority Is Correct
Answer B: Disaffirm the contract upon reaching majority
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
People Also Study
Related California Questions
- In California, a real estate purchase contract entered into by a minor (under 18) is:Contracts
- A contract entered into by a minor (under 18) in California is generally:Contracts
- Which of the following would make a contract void (not just voidable)?Contracts
- Under California law, a minor (under 18) who signs a real estate contract:Contracts
- Under California law, a mechanics' lien must be filed within what time period after completion of a construction project by a general contractor?Escrow & Title
Key Terms to Know
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →