Contracts
In Iowa, a purchase agreement signed by a 16-year-old buyer is:
AVoid and has no legal effect
BVoidable at the minor's option✓ Correct
CFully binding on the minor
DValid only if co-signed by a parent
Explanation
Contracts entered into by minors (under 18 in Iowa) are voidable at the minor's option. The minor may disaffirm the contract upon reaching majority.
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