Ginny, age 16, inherits land and agrees to sell it to Bob, age 45. This contract is:

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Multiple Choice

Ginny, age 16, inherits land and agrees to sell it to Bob, age 45. This contract is:

Explanation:
The correct choice indicates that the contract is voidable by Ginny due to her status as a minor. In Arizona, as in many jurisdictions, the legal age of majority is 18 years. Contracts entered into by individuals under the age of 18 are generally considered voidable at the discretion of the minor. This means that Ginny has the right to affirm or rescind the contract due to her age. If a minor chooses to void the contract, they must do so within a reasonable time after reaching the age of majority or shortly after discovering the contract. The rationale for this legal protection is to prevent minors from being bound by agreements that they may not fully understand or that may not be in their best interest. While Bob, being an adult, is bound by his agreements and does not have the same rights as minors in this context, the focus here is on the protections afforded to Ginny. Therefore, it's important to recognize that the enforceability of the contract hinges on Ginny's ability to void it based solely on her age.

The correct choice indicates that the contract is voidable by Ginny due to her status as a minor. In Arizona, as in many jurisdictions, the legal age of majority is 18 years. Contracts entered into by individuals under the age of 18 are generally considered voidable at the discretion of the minor. This means that Ginny has the right to affirm or rescind the contract due to her age.

If a minor chooses to void the contract, they must do so within a reasonable time after reaching the age of majority or shortly after discovering the contract. The rationale for this legal protection is to prevent minors from being bound by agreements that they may not fully understand or that may not be in their best interest.

While Bob, being an adult, is bound by his agreements and does not have the same rights as minors in this context, the focus here is on the protections afforded to Ginny. Therefore, it's important to recognize that the enforceability of the contract hinges on Ginny's ability to void it based solely on her age.

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