ContractsContract_validityMEDIUM
Under Iowa law, a contract entered into by a minor is considered:
Correct Answer
B) Voidable at the minor's option
In Iowa, a contract entered into by a minor (under age 18) is voidable at the minor's option. The minor may disaffirm the contract upon reaching the age of majority, but the other party cannot void the contract on the basis of the minor's age.
Answer Options
A
Void and unenforceable by either partyB
Voidable at the minor's optionC
Fully enforceable against the minorD
Enforceable only with parental co-signatureWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Related Topics:
Iowa Code §599.1 (age of majority)Contractual capacityVoid vs. voidable contractsRatification of contractsDisaffirmance
Key Terms:
minorvoidablevoidage of majorityIowa Code §599.1disaffirmanceratificationcontractual capacity
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