Oregon 30-Hour Real Estate Law Practice Test

Which party can continue with the contract if one party voids due to age?

1. The seller

2. Both parties

3. The minor

4. The court system

The correct answer is: The minor

In real estate transactions, if one party to a contract is a minor, that minor has the legal right to void the contract based on their age. This is because the law recognizes that minors may lack the maturity and understanding necessary to enter into binding agreements. When a minor chooses to void the contract, they have the option to do so without penalty, which is a protective measure put in place for individuals who may not fully grasp the implications of their decisions. As a result, once the minor decides to void the contract, the ability to continue with the contract lies with them, meaning they can choose to affirm the contract if they so wish upon reaching the age of majority or they may void it altogether. The seller and neither party would have any ongoing obligations or the power to enforce the contract against the minor after that voiding action has been taken. Therefore, the correct answer reflects the legal principle that the minor has the sole right to decide whether to continue or terminate the contract, emphasizing the protections established for minors in contractual law.