New Jersey Real Estate 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 contracts when they have a guardian co-sign, as this provides legal backing and support, ensuring the contract is enforceable.
Option A is incorrect; age alone does not determine liability, as minors under 18 typically lack the capacity to enter contracts independently. Option B is misleading; notarization does not confer liability on a minor without a guardian's approval. Option C is also incorrect; graduating from high school does not change a minor's legal status regarding contract obligations. Thus, a guardian's co-signature is essential for liability.
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