Sarah, who has been declared mentally incompetent by a Florida court and has a court-appointed guardian, signs a contract to sell her house without the guardian's knowledge. What is the status of this contract under Florida law?
Correct Answer
C) Void from the beginning
Correct: C - Contracts signed by persons declared legally incompetent by a court are void ab initio (from the beginning) in Florida. Sarah lacks legal capacity. Why not A: Physical ability to sign doesn't create legal capacity for incompetent persons. Why not B: The contract is void, not voidable; it never had legal effect. Why not D: Fair market value doesn't validate contracts by incompetent persons.
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Previous Question
A Florida real estate contract states the purchase price as 'Three hundred thousand and 00/100 dollars' but numerically shows '$30,000.00'. The buyer claims the price is $30,000 while the seller claims $300,000. Under Florida law, if this goes to court, what price would likely be enforced?
Next Question
In Florida, all of the following would make a real estate contract void or voidable EXCEPT: