Contracts
In Mississippi, a contract signed by a 16-year-old to purchase real property is:
AVoid since minors cannot enter contracts
BVoidable at the minor's option — the minor may disaffirm or affirm the contract upon reaching majority✓ Correct
CFully binding since real estate is a necessity
DAutomatically converted to a lease agreement
Explanation
Contracts entered into by minors (under 21 in Mississippi for full legal capacity for most contracts) are voidable, not void. The minor has the option to disaffirm (cancel) or ratify (affirm) the contract upon reaching the age of majority. The other party cannot disaffirm based on the minor's status.
Related Mississippi Contracts Questions
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