Question 9

Yes, the contract is voidable because the seller is a minor.

A contract entered into by a minor is generally considered voidable at the minor's discretion. This means that the minor has the right to affirm or void the contract upon reaching the age of majority or even before that.

A) Yes, the contract is void because the seller is a minor.

This option is incorrect because while contracts with minors can be voidable, they are not automatically void. The minor has the ability to choose whether to enforce the contract or void it, which means it remains valid until the minor decides to rescind it.

B) Yes, the contract is voidable because the seller is a minor.

This option is correct as it accurately reflects the legal principle that contracts entered into by minors are voidable. The minor can choose to cancel the contract, thus retaining the right to reverse the agreement to sell the property.

C) Yes, the contract is unenforceable because the seller is a minor.

While it is true that a contract with a minor may be unenforceable against the minor, this option does not capture the essence of the minor's rights. The contract is not automatically unenforceable; the minor has the option to void it, making the wording incomplete.

D) No, the contract is valid and may not be rescinded.

This option is incorrect because it disregards the legal rights of minors concerning contracts. A minor can indeed rescind a contract, making this statement false regarding the specific circumstances of the 15-year-old seller.

Conclusion

The correct answer is B, as it properly identifies the nature of contracts involving minors as voidable. Unlike the other options, B recognizes the minor's right to reverse the agreement, which is a crucial aspect of contract law for individuals under the age of majority. The other options either misstate the legal position or ignore the minor's rights entirely.