Contracts
Under Oklahoma law, a minor (under 18) who signs a real estate contract may:
ANever be held to the contract under any circumstances
BDisaffirm (void) the contract upon reaching majority or while still a minor✓ Correct
CBe held fully liable for all contract terms
DOnly sign contracts with parental co-signature
Explanation
Contracts with minors are generally voidable at the minor's option. The minor may disaffirm the contract during minority or within a reasonable time after reaching majority.
Related Oklahoma Contracts Questions
- Under Oklahoma law, a contract for the purchase and sale of real estate is considered 'bilateral' because:
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- Under the statute of frauds, which of the following real estate contracts MUST be in writing to be enforceable in Oklahoma?
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- An Oklahoma real estate purchase contract becomes enforceable once it has:
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