Tennessee Real Estate Exam Practice Question
A contract signed by a minor is
Correct Answer: D
Rationale: A contract signed by a minor is classified as a voidable contract. This means that while the contract is valid and enforceable, the minor has the right to disaffirm it, protecting them from potential exploitation.
Option A, a void contract, is incorrect because a minor's contract is not entirely invalid; it can be enforced until the minor chooses to void it.
Option B, a binding contract, misrepresents the nature of the agreement since minors can opt out.
Option C, an illegal contract, is also incorrect as the contract itself is not unlawful; it simply offers the minor the choice to void it.
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