If a seller accepted a contract on a house and then found out that the buyer was under 18 years of age, the contract is?

If a seller accepted a contract on a house and then found out that the buyer was under 18 years of age, the contract is?

• A. Void
• B. Illegal
• C. Voidable
• D. Enforceable

Answer: (C)

In Arizona, as in many states, a contract entered into by a minor (a person under 18 years of age) is considered voidable at the option of the minor. This means that while the contract is valid and can be enforced, the minor has the right to choose whether to affirm or void the contract. If the buyer is found to be under 18, the seller does not have the authority to force the buyer to carry out the terms of the contract if the buyer decides to void it. The concept of a voidable contract is important as it protects the interests of minors, acknowledging their legal incapacity to enter into binding agreements without special circumstances. In this case, the seller accepted a contract with a buyer who is a minor, which gives the buyer the right to disaffirm the contract. Thus, the correct characterization of the contract in this scenario is that it is voidable.

In Arizona, as in many states, a contract entered into by a minor (a person under 18 years of age) is considered voidable at the option of the minor. This means that while the contract is valid and can be enforced, the minor has the right to choose whether to affirm or void the contract. If the buyer is found to be under 18, the seller does not have the authority to force the buyer to carry out the terms of the contract if the buyer decides to void it.

The concept of a voidable contract is important as it protects the interests of minors, acknowledging their legal incapacity to enter into binding agreements without special circumstances. In this case, the seller accepted a contract with a buyer who is a minor, which gives the buyer the right to disaffirm the contract. Thus, the correct characterization of the contract in this scenario is that it is voidable.