Contracts (alternative)
Under Maryland law, a real estate contract signed by a 16-year-old is:
AFully enforceable since they signed voluntarily
BVoid because minors lack contractual capacity
CVoidable at the minor's option✓ Correct
DEnforceable only if a parent cosigns
Explanation
Contracts entered into by minors (under 18 in Maryland) are voidable at the minor's option—the minor may disaffirm the contract, but the adult party cannot void it.
Related Maryland Contracts (alternative) Questions
- A Maryland buyer who cannot attend the settlement may:
- The Maryland Residential Property Disclosure/Disclaimer form is provided to buyers:
- A Maryland seller refuses to close after all contingencies have been removed and the buyer is ready to proceed. The buyer's best remedy is likely:
- In Maryland, earnest money forfeited by a defaulting buyer typically goes to:
- In Maryland, a buyer who makes an offer 'subject to attorney review' is providing:
- Under Maryland law, which of the following makes a real estate contract void (not voidable)?
- A Maryland purchase agreement includes an 'as-is' clause. This means the buyer:
- A Maryland home sale contract where the buyer pays the 'as-is price' and the seller agrees to no repairs means:
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