Contracts
Which of the following would make a Nebraska real estate contract voidable?
ABoth parties are adults
BOne party was a minor at the time of signing✓ Correct
CThe property description uses a street address
DThe earnest money is $500
Explanation
Contracts signed by minors (under 18) are voidable at the minor's option. The minor can choose to affirm or disaffirm the contract. Once the minor reaches the age of majority, they may ratify the contract.
Related Nebraska Contracts Questions
- Novation in a real estate context means:
- A Nebraska seller who changes their mind after signing a purchase agreement but before the buyer has signed would be:
- A void contract in Nebraska real estate is:
- A 'backup offer' in Nebraska real estate means:
- An escrow closing in Nebraska occurs when:
- A 'subject to' clause in a Nebraska real estate offer means:
- What is an 'as-is' clause in a real estate purchase agreement?
- An appraisal contingency in a Nebraska purchase agreement protects the buyer by:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →