Alice is sixteen years old when she enters into a contract with Eric, who is twenty-one years old, to sell her car to him for $10,000. Alice and Eric's contract is

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The contract is voidable because Alice, being a minor (under 18 years old), has the legal right to void the contract. Contracts entered into by minors are generally considered voidable at the option of the minor, allowing them to either affirm or disaffirm the contract upon reaching the age of majority or within a reasonable time thereafter.

Alice Is Sixteen Years Old When She Enters into a Contract