Question 33

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. Therefore, the 15-year-old has the legal right to reverse the agreement to sell the inherited property.

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

This option incorrectly states that the contract is void. While contracts with minors can be voidable, they are not automatically void; thus, a minor can choose to affirm or void the contract.

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

This option accurately reflects the legal principle that minors can void contracts they enter into, making it the correct answer. The 15-year-old has the right to rescind the sale agreement because they are a minor.

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

While it is true that contracts with minors can be unenforceable, this statement does not capture the nuance that such contracts are voidable. The minor still retains the ability to choose to void the contract rather than it being unenforceable outright.

D) No, the contract is valid and may not be rescinded

This option is incorrect because it misrepresents the legal status of contracts involving minors. Such contracts are not considered fully valid in the same manner as contracts with adults, as minors have the right to rescind them.

Conclusion

The correct answer is that the contract is voidable because the seller is a minor, which allows the 15-year-old to reverse the agreement. Options A, C, and D misinterpret the legal standing of contracts with minors, while option B correctly identifies the minor's right to void the contract.