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ContractsContract ValidityMEDIUM

A real estate contract entered into by a minor is generally considered:

Correct Answer

B) Voidable at the option of the minor

Under Montana law, a contract entered into by a minor (a person under 18 years of age) is voidable, not void. This means the minor has the right to disaffirm or cancel the contract, while the adult party is bound by its terms. The minor may also choose to ratify the contract upon reaching the age of majority. This rule is based on the legal principle that minors lack full contractual capacity.

Answer Options
A
Void and unenforceable by either party
B
Voidable at the option of the minor
C
Fully enforceable against the minor
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:

minorvoidablecontractual capacitydisaffirmanceratificationage of majority
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