If a minor enters into a contract in South Dakota, what is the statutory period to void the contract after reaching the age of majority?

In South Dakota, a minor has the legal right to void a contract at any time prior to reaching the age of majority, and then has a specific statutory period after reaching adulthood to affirm or void the contract. The age of majority in South Dakota is 18 years. Once the individual reaches 18, they have one year to void the contract.

This period allows the former minor time to consider the implications of the contract and decide whether it is still in their best interest to void it. Recognizing this right is important for protecting minors from entering into agreements they may not fully understand or that may not be in their best interests.

The choice indicating a one-year period accurately reflects this legal provision in South Dakota and is therefore the correct answer. Understanding this time frame is crucial for real estate professionals in order to navigate contracts involving minors effectively and in compliance with statutory requirements.