Contracts
Under NH law, a contract signed by a minor (under 18) for the purchase of real property is:
AVoid and has no legal effect
BVoidable at the minor's option upon reaching legal age✓ Correct
CFully enforceable by either party
DOnly valid if a parent co-signs
Explanation
Contracts with minors are generally voidable at the minor's option. The minor can disaffirm the contract within a reasonable time after reaching the age of majority (18). However, the other party (the adult seller) cannot void the contract simply because the other party was a minor.
Related New Hampshire Contracts Questions
- A New Hampshire listing agreement is a contract between the seller and:
- A NH buyer who submits an offer 'as-is' without an inspection contingency assumes the risk of:
- Which type of listing agreement is considered most legally problematic and not recognized in New Hampshire?
- A buyer in New Hampshire inserts a home inspection contingency into the purchase agreement. This allows the buyer to:
- In a New Hampshire real estate listing agreement, the 'protection period' clause protects the broker by:
- A New Hampshire buyer includes a financing contingency in their offer. If the buyer cannot secure financing, the contingency allows them to:
- A NH seller's counteroffer changes the closing date and the price but accepts all other terms of the buyer's offer. Legally, this counteroffer:
- New Hampshire uses a 'Purchase and Sale Agreement' as the primary real estate contract. For it to be valid, consideration must be:
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