studying for real estate exam, I don’t understand.

Lincoln, 16, offered to purchase his adult aunt’s condo. The two parties signed a sales agreement. Lincoln’s aunt knew he had money in a trust and could likely get access to it through his parents. When his parents learned of the transaction, however, they refused to grant Lincoln that access. Lincoln’s aunt cannot sue Lincoln or his parents to enforce the terms of the contract. However, if Lincoln could have accessed the funds, his aunt couldn’t terminate the contract based on Lincoln’s minority status.

If a minor entering a contract is voidable, how would this work in the case that his parents DID give him access? a minor can’t buy real estate either so? would the whole thing just not even be possible? or would the contract be on hold until he’s of age?

submitted by /u/krn_01
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Lincoln, 16, offered to purchase his adult aunt’s condo. The two parties signed a sales agreement. Lincoln’s aunt knew he had money in a trust and could likely get access to it through his parents. When his parents learned of the transaction, however, they refused to grant Lincoln that access. Lincoln’s aunt cannot sue Lincoln or his parents to enforce the terms of the contract. However, if Lincoln could have accessed the funds, his aunt couldn’t terminate the contract based on Lincoln’s minority status. If a minor entering a contract is voidable, how would this work in the case that his parents DID give him access? a minor can’t buy real estate either so? would the whole thing just not even be possible? or would the contract be on hold until he’s of age? submitted by /u/krn_01 [link] [comments]

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