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Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 7 Question 12 Discussion

Actual exam question for Real Estate Licensing's Virginia Real Estate Salesperson exam
Question #: 12
Topic #: 7
[All Virginia Real Estate Salesperson Questions]

Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

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Suggested Answer: C

A contract is executory when its terms have not yet been fully performed (here, closing has not yet occurred).

Because Trystan is 17 years old, he is a minor under Virginia law (legal capacity begins at 18). A minor's contract is generally voidable at the option of the minor, but enforceable against the adult party.

Therefore, this contract is executory (not yet performed) and voidable (due to Trystan's age).


Code of Virginia 1-204 (Age of majority = 18)

Virginia Real Estate Board Exam Outline -- Contracts (capacity, validity, executory vs executed)

Contribute your Thoughts:

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Deeanna
18 days ago
I think it's voidable because Trystan is a minor.
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Goldie
23 days ago
It's executory since closing hasn't happened yet.
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Marsha
1 month ago
I’m torn between A and C. I know minors can void contracts, but does that make it executory too?
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Diego
1 month ago
I feel like I saw a similar question in our practice exam. If a minor enters a contract, it’s usually voidable, right?
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Artie
2 months ago
I'm not entirely sure, but I remember something about executory contracts being those that haven't been fully performed yet. So maybe it's executory and voidable?
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Judy
2 months ago
I think this might be about minors and contracts. If Trystan is 17, isn't the contract voidable?
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