Contracts
In Nebraska, if a party to a real estate contract is a minor, the contract is:
AVoid
BVoidable by the minor✓ Correct
CVoidable by either party
DFully enforceable
Explanation
Contracts with minors are voidable at the election of the minor (not the other party). The minor can disaffirm the contract upon reaching majority.
Related Nebraska Contracts Questions
- What is an 'as-is' clause in a real estate purchase agreement?
- An installment land contract (contract for deed) in Nebraska transfers which rights to the buyer at signing?
- A Nebraska real estate purchase agreement becomes void (not merely voidable) if:
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- Which of the following is a valid way to terminate a listing agreement in Nebraska before its expiration date?
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- A Nebraska purchase agreement's financing contingency protects the buyer if:
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