Tennessee Real Estate License Exam Practice Question
Minors are held liable for real estate contract obligations if they
Correct Answer: D
Rationale: Minors can be held liable for real estate contract obligations if their guardian co-signs the contract, as this provides the necessary legal backing to enforce the agreement. Option A is incorrect; simply being 16 does not grant full legal capacity. Option B is not sufficient; notarization alone does not confer liability on the minor without guardian consent. Option C is misleading; graduating from high school does not alter a minor's legal status regarding contract obligations. Thus, guardian co-signature is essential for enforceability.
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