Contracts
Under Oregon law, a minor (under 18) who enters into a contract to purchase real estate may:
AEnforce the contract against the adult seller but the seller cannot enforce it against the minor
BDisaffirm (void) the contract at any time before or within a reasonable time after reaching adulthood✓ Correct
CNever be a party to a real estate contract
DBind their parents to the contract
Explanation
Minors lack contractual capacity in Oregon — contracts with minors are voidable (not void). The minor may disaffirm (cancel) the contract at any time during minority or within a reasonable time after reaching age 18 (majority).
People Also Study
Related Oregon Questions
- The doctrine of 'time is of the essence' in an Oregon purchase contract means:Contracts
- In Oregon, a purchase contract contingency must be either removed or exercised by the stated deadline. If neither party acts, the contingency is typically:Contracts
- Under Oregon law, a minor (under 18) who signs a real estate purchase contract:Contracts
- An Oregon buyer's purchase contract includes a 'right of first refusal' for the seller to reclaim the property if the buyer decides to resell within 3 years. This is an example of a:Contracts
- Under Oregon's ORLTA, a landlord must maintain heating systems in a rental unit. If the heat fails in January and the landlord fails to repair it within a reasonable time, the tenant may:Property Management
- If an Oregon broker exceeds their authority and enters into a contract on behalf of their principal without authorization, the contract is:Agency
- Oregon law prohibits landlords from retaliating against tenants. Retaliation includes raising rent or decreasing services within which time period after a tenant exercises a legal right?Property Management
- Under ORLTA, a landlord who fails to make required repairs within a reasonable time after receiving proper written notice from a tenant may face which remedy?Property Management
Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Math Concepts
Study This Topic
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →