Virginia Real Estate Exam Practice Question
An individual who lacks legal capacity enters into a contract to buy a home. Which party to the contract is permitted to void the contract?
Correct Answer: B
Rationale: An individual lacking legal capacity, such as a minor or someone deemed mentally incompetent, has the right to void a contract to protect them from exploitation. Thus, the buyer can void the contract.
Option A, "Nobody," is incorrect because the law does provide a mechanism for the buyer to void the contract. Option C, "The seller," is wrong since the seller has no grounds to void the contract; they entered into it willingly. Option D, "The seller or the seller's agent," is also incorrect, as only the buyer has the legal right to void the contract due to their lack of capacity.
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