A college student who just turned 17 years of age enters into a contract to buy a condominium unit near the campus. All contingencies have been met. Two days before closing, the student transfers to an out-of-state college and wants to back out of the transaction. The contract is

The statute of frauds requires certain contracts to be in writing to be enforceable, such as contracts for the sale of real estate. However, this does not render the contract void; it simply makes it unenforceable if not properly documented. In this scenario, the contract is not void under the statute of frauds but is voidable due to the buyer’s age.

While meeting all contingencies typically strengthens the enforceability of a contract, it does not override the legal right of a minor to void the contract. In this case, the age of the buyer takes precedence, allowing them to cancel the agreement irrespective of the fulfilled contingencies.

The nature of the property as a condominium does not affect the enforceability of the contract in relation to the buyer's age. The contract's validity hinges on the legal capacity of the parties involved, and since the buyer is a minor, it remains voidable regardless of the property type.