Contracts
A contract made by a minor (under 18) for the purchase of real estate in NC is generally:
AVoid and unenforceable
BVoidable at the option of the minor✓ Correct
CFully enforceable
DValid only with parental co-signature
Explanation
Contracts made by minors are voidable at the option of the minor, meaning the minor may disaffirm (cancel) the contract upon reaching majority.
Related North Carolina Contracts Questions
- Under NC's standard Offer to Purchase, what happens if the property is substantially damaged by fire between contract acceptance and closing?
- In North Carolina, the 'due diligence fee' paid at the time of an offer is:
- A NC seller who accepts two offers on the same property (without backup offer provisions) and attempts to close with both buyers has committed:
- A NC real estate contract becomes 'binding' when:
- A 'novation' in a NC real estate contract replaces:
- The Offer to Purchase and Contract in North Carolina is a standardized form jointly approved by which organizations?
- An 'executory contract' in NC real estate is one that:
- A NC seller who accepts an offer but has not yet communicated acceptance to the buyer can:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →