Regan marries at age 17. Then, she enters into a contract with Art to purchase an automobile for
$10,000. She later changes her mind and wants to void the contract. Which of the following is true?
A. Regan can't void the contract because she is over 15.
B. Regan can void the contract because she is a minor.
C. Regan can void the contract because she is married.
D. Regan can't void the contract because she is married.
To determine the answer, we need to understand the legal concept of "capacity to contract." Capacity to contract refers to the ability of an individual to enter into a legally binding agreement. In this case, the question relates to the capacity of Regan, who married at age 17, to void the contract with Art for the purchase of an automobile.
In most jurisdictions, including the United States, minors (individuals under the age of majority, commonly 18) generally lack the legal capacity to enter into contracts. This means that contracts they make are considered voidable at their option, meaning they can affirm or disaffirm the contract upon reaching the age of majority or within a reasonable time after. This is to protect minors from potentially unfair or unfavorable contractual obligations.
Based on this understanding, the correct answer to the question is B. Regan can void the contract because she is a minor. Marriage, in this context, does not have any effect on the contract's validity. Thus, answer choices A, C, and D are incorrect.
It's important to note that contract laws may vary slightly depending on the jurisdiction, so it's always advisable to consult with a legal professional in your specific location for accurate advice.