Contracts
A real estate contract signed by a minor is generally:
AVoid
BVoidable at the minor's option✓ Correct
CFully enforceable
DValid only with parental consent
Explanation
Contracts signed by a minor are voidable at the minor's option. The minor may disaffirm the contract, but the other adult party is bound.
Related New Mexico Contracts Questions
- In New Mexico, a seller accepts a buyer's offer but adds a new condition before signing. This creates a:
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