Asked by Angelica Serrano on May 16, 2024
Verified
Tracy,aged 12,is named the sole inheritor of her family mansion,which is valued to be worth millions.She has disaffirmed the agreement on the advice of her uncle and guardian Pete.This automatically transfers the title to the latter.Which of the following statements is true of the case?
A) Tracy cannot disaffirm until she has reached majority.
B) Tracy's decision will be allowed by the family courts.
C) Pete has every right to Tracy's property and can take legal possession of it.
D) Tracy's decision is valid as long as it is in writing.
Sole Inheritor
The only person designated to receive all the assets left behind by a deceased person.
Family Mansion
A large and typically opulent residence that houses a family, often passed down through generations.
- Gain insight into the exceptional defenses available to minors in the context of contractual agreements.
Verified Answer
AB
Alexia BermudezMay 19, 2024
Final Answer :
A
Explanation :
Contracts entered during minority that affect title to real estate cannot be disaffirmed until majority.This rule is apparently based on the special importance of real estate and on the need to protect a minor from improvidently disaffirming a transaction involving it.
Learning Objectives
- Gain insight into the exceptional defenses available to minors in the context of contractual agreements.
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