If a minor enters into a real estate contract, do they have the right to disaffirm the contract?

Study for the Pennsylvania Certified Professional Lease and Title Analyst Exam. Enjoy interactive multiple-choice questions, detailed explanations, and discover study tips. Master the material and excel!

Minors generally have the legal right to disaffirm contracts they enter into, reflecting the principle that individuals who are not yet of legal age may not fully understand the implications of such agreements. This right exists to protect minors from being bound by contracts that they may not fully comprehend or that may not serve their best interests.

When a minor chooses to disaffirm a contract, they typically must do so while they are still underage or within a reasonable time period after reaching the age of majority. The disaffirmance can be communicated clearly, and upon doing so, the minor is generally relieved of any obligations set forth in the contract.

This principle is rooted in common law and is upheld in various jurisdictions, including Pennsylvania. The ability for a minor to disaffirm is typically absolute, without needing any additional approvals or restrictions related to the contract's value. Hence, the response indicating that a minor does have the right to disaffirm a contract is correct.

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