Contracts
Under New York law, which of the following would make a real estate contract voidable (not void)?
AAn illegal purpose (e.g., a contract to sell property for an illegal use)
BThe contract was signed by a minor (person under 18)✓ Correct
CA material misrepresentation by one party
DThe absence of consideration
Explanation
A contract signed by a minor (person under 18) is voidable at the election of the minor. This means the minor can choose to ratify or void the contract upon reaching majority. A contract with an illegal purpose or lacking consideration is void. A contract induced by material misrepresentation is voidable at the option of the defrauded party.
Related New York Contracts Questions
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