Contracts
A Wyoming real estate contract is voidable when:
AOne party was a minor at the time of signing✓ Correct
BThe contract involves the sale of commercial property
CThe purchase price is below market value
DThe property is subject to a mortgage
Explanation
A contract signed by a minor is voidable at the minor's option—not automatically void. The minor may disaffirm the contract upon reaching the age of majority. Void contracts have no legal effect, while voidable contracts are valid until one party elects to void them.
Related Wyoming Contracts Questions
- A Wyoming land contract (contract for deed) differs from a traditional sale because:
- A novation in a Wyoming real estate contract occurs when:
- In Wyoming, an earnest money dispute between buyer and seller is typically resolved by:
- In Wyoming, contract rescission differs from cancellation because:
- Under Wyoming contract law, which element is NOT required for a valid real estate purchase contract?
- An exclusive-agency listing in Wyoming differs from an exclusive-right-to-sell because:
- Under Wyoming contract law, unilateral rescission by a buyer who has no contractual right to cancel typically:
- In Wyoming, a real estate contract that was validly entered into is typically assignable unless:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →