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A contract entered into by a minor in Mississippi is generally considered:

Correct Answer

B) Voidable at the minor's option upon reaching the age of majority

In Mississippi, a contract entered into by a minor (under age 21 for real estate purposes under Mississippi law) is voidable, not void. This means the minor has the right to disaffirm or cancel the contract upon reaching the age of majority, but the contract is not automatically invalid. The adult party, however, is bound by the contract and cannot use the minor's age as a defense to avoid their own obligations.

Answer Options
A
Void and unenforceable by either party from the outset
B
Voidable at the minor's option upon reaching the age of majority
C
Fully enforceable against the minor the same as an adult
D
Valid only if co-signed by a parent or guardian

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Related Topics & Key Terms

Related Topics:

contractual capacityvoid vs. voidable contractsage of majorityratificationdisaffirmance

Key Terms:

minorvoidable contractage of majoritycontractual capacitydisaffirmanceratification
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