Contracts
In California, a real estate purchase contract entered into by a minor (under 18) is:
AVoid and unenforceable by either party
BValid and fully enforceable against the minor
CVoidable at the option of the minor but valid as to the other party✓ Correct
DEnforceable only if a parent co-signs within 30 days
Explanation
Contracts entered into by minors are voidable by the minor (they can disaffirm upon reaching majority or within a reasonable time thereafter) but are binding on the adult party until the minor disaffirms. This protects minors who lack full legal capacity.
Related California Contracts Questions
- A contract that is missing an essential element is:
- A contract for the sale of real property where the buyer makes installment payments directly to the seller and receives the deed only after the final payment is called:
- Which of the following is NOT a required element of a valid contract?
- An 'as-is' clause in a purchase contract means:
- A buyer's loan contingency in a California purchase agreement protects the buyer by:
- A purchase contract contingent on the buyer selling their current home is known as a:
- Which of the following is NOT a required element for a valid real estate contract in California?
- A 'bilateral contract' in real estate is one in which:
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