ContractsPregunta 63 de 120
A contract signed by a minor is generally considered:
a.Automatically void from the start in all cases
b.Fully enforceable against the minor
c.Voidable at the option of the minor
d.A criminal offense
Explicación
Contracts entered into by minors are generally voidable at the minor's option, meaning the minor may disaffirm the contract. This protects those who lack full legal capacity. A void contract, by contrast, has no legal effect from the beginning.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A 'net listing,' which is discouraged or restricted in many jurisdictions, is one in which:
- If a buyer and seller mutually agree to cancel their contract and return to their pre-contract positions, this is called:
- The transfer of one's rights and obligations under a contract to another person is called:
- 'Time is of the essence' in a real estate contract means:
- An option contract gives the holder (optionee) the:
- Which of the following typically makes a contract 'void' rather than merely voidable?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Florida Real Estate Sales Associate Licensing Exam · Cómo revisamos