Final answer:
A contract for the purchase of real property entered into by a seventeen-year-old is d) voidable at the discretion of the minor due to lack of legal contracting age.
Step-by-step explanation:
If a seventeen-year-old person enters into a contract to purchase real property, the contract is voidable by the buyer because he is a minor. In most jurisdictions, contracts entered into by minors are considered voidable contracts, which means the minor has the right to enforce or void the contract. However, the other party, in this case, the seller, is typically bound to the contract unless the minor voids it.
Minors generally have the right to disaffirm contracts to protect them from exploitation and to ensure that they have the capacity to fully understand the implications of a legal agreement. The right to enter into contracts is an aspect of owning property, and individuals must have legal capacity to engage in these contract agreements.
Despite ownership rights, minors' contracts related to real estate are held to different standards because of the minors' age and capacity for lawful consent.