Contracts
A Virginia seller accepts a buyer's offer but the seller had been declared legally incompetent. The resulting contract is:
AValid and enforceable
BVoidable at the option of either party
CVoid — having no legal effect✓ Correct
DValid unless challenged within 90 days
Explanation
A contract entered into by a person who has been legally declared incompetent is void (not merely voidable), as there is no legal capacity to contract. A guardian must handle such transactions.
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