EstatePass
ContractsContract ValidityMEDIUM

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

Correct Answer

B) Voidable at the minor's option

Under Nebraska law, a contract entered into by a minor (under age 19, Nebraska's age of majority) is voidable at the minor's option. The minor may disaffirm the contract, but the other adult party is bound unless the minor chooses to void it.

Answer Options
A
Void and unenforceable by either party
B
Voidable at the minor's option
C
Fully enforceable against the minor
D
Valid only with parental co-signature

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Contracts Question

Sign up free to unlock full analysis

Background Knowledge for Contracts

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Contracts

Sign up free to unlock full analysis

Common Mistakes to Avoid on Contracts Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

capacity

Key Terms:

minor
Was this explanation helpful?

More Contracts Questions

People Also Study

Contracts Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing