Randy, as Two Older Brothers Before Him, Moved Out of the House

question 98

Multiple Choice

Randy, as two older brothers before him, moved out of the house when he was quite young. When he was 17, he and his older brother, Ted, wanted to buy a condominium in Nelson. They both had jobs and the bank was willing to lend them money and take a mortgage on the condo. Which of the following is a correct statement about the law governing this situation?

• A) All infants' contracts are enforceable as soon as they become adults.
• B) A mortgage granted by Randy to the bank is effective until a court orders otherwise.
• C) The mortgage agreement would be binding on Randy as an adult if he continued to make payments after reaching the age of majority.
• D) All contracts with infants are void.
• E) These contracts would be binding on Randy only if he disclosed the fact that he was a minor to the other parties.

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Definitions:

Coastal Wetlands

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Agriculture And Development

The interrelated process where agriculture contributes to economic growth and development, while development promotes agricultural improvements.

Marine Biodiversity

The variety of life forms found in marine ecosystems, including the diversity of species, habitats, and ecological processes.

Legal Jurisdiction

Refers to the authority given to a legal body to administer justice within a defined field of responsibility, covering geographic area and/or types of cases.