Contracts
A North Dakota purchase contract is signed by a 17-year-old buyer. The contract is:
AVoid and unenforceable
BVoidable at the election of the minor✓ Correct
CFully enforceable as written
DValid only if a parent co-signs
Explanation
Contracts entered by minors (under 18) are generally voidable at the election of the minor, not void. The minor may choose to affirm (ratify) or disaffirm the contract upon reaching majority.
Related North Dakota Contracts Questions
- A North Dakota purchase agreement that is 'executory' means:
- A North Dakota buyer's offer contains a clause allowing them to cancel if their current home doesn't sell within 30 days. This is called a:
- A North Dakota purchase agreement includes a home inspection contingency. The buyer's inspector finds major structural issues. Under a typical inspection contingency, the buyer may:
- Assignment of a contract transfers:
- A real estate purchase agreement that contains illegal provisions is:
- A counteroffer legally:
- An earnest money deposit is legally the property of:
- A North Dakota real estate purchase agreement is accepted by the seller, but the buyer has a 3-day right to cancel. This is an example of a:
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →