Discuss Real Estate Licensing Virginia Real Estate Salesperson Exam Topic 4 Question 15

A legally competent party to a contract will:

Ahave reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol

Bhave reached the age of majority and be literate

Cnot be mentally incompetent or intoxicated by drugs or alcohol and have legal representation

Dbe literate and not be mentally incompetent or intoxicated by drugs or alcohol

Suggested Answer: A

For a contract to be legally enforceable, all parties must be legally competent. This requires:

Age of majority (18 in Virginia).

Mental competency (not declared mentally incompetent).

Not under the influence of drugs or alcohol at the time of signing.

Other options:

(B) & (D) Literacy is not required for legal competency.

Reference (Virginia Real Estate):

Code of Virginia Title 11 -- Contracts

Virginia Real Estate Principles -- Elements of valid contracts

A490-02REGS.pdf -- Contracts curriculum

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17 comments · newest first

Pete 23 days ago

I feel A is the most comprehensive option.

Detra 28 days ago

A also aligns with most legal standards. Makes sense!

Nickolas 1 month ago

A is clear. It’s about being of age and sound mind.

Deeanna 1 month ago

D is too vague. Mental competence is key, but literacy?

Jerrod 1 month ago

C is interesting, but legal representation isn’t always needed.

Marci 2 months ago

B seems too simple. Literacy isn’t enough.

Kenia 2 months ago

I agree, A covers the essentials for competence.

Ernestine 2 months ago

I think A is the best choice. Age and mental state matter.

Cyril 2 months ago

Age of majority + no impairment = competence. Simple!

Rodolfo 2 months ago

Option C is too strict, legal representation isn't always needed.

Jose 2 months ago

Wait, does being literate really matter?

Terrilyn 3 months ago

Totally agree, option A is spot on!

Troy 3 months ago

A legally competent party must be of age and not impaired.

Mari 3 months ago

I recall a practice question that emphasized mental competency and age, which makes me lean towards A as well, but I’m still a bit unsure.

Kris 3 months ago

I feel like literacy isn't a requirement for being legally competent, so B and D might not be correct. A seems more aligned with what I studied.

Yolando 3 months ago

I'm not entirely sure, but I remember something about legal representation being important, so maybe C is the right choice?

Rhea 4 months ago

I think the answer might be A because it mentions both age and mental competency, which are key factors in contract law.

Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 4 Question 15 Discussion