Contracts
In Louisiana, which of the following would make a real estate purchase contract 'void' (not merely voidable)?
AOne party was under the influence of alcohol when signing
BThe contract was signed by a party who lacked legal capacity (e.g., a minor or person declared incompetent by a court)✓ Correct
CThe contract has a financing contingency
DThe purchase price is below market value
Explanation
A contract involving a person adjudicated incompetent (under a court-declared interdiction) is void — not merely voidable — because the person has no legal capacity to contract. Contracts with minors are voidable; contracts with incompetents may be void.
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