Peter graduated high school at the age of 17 and decided to buy a house to live in while he was in college. He used some gift money he had received to pay the down payment and the bank granted him the mortgage. Four years later, Peter has graduated from college and moved to a different city. When he has difficulty selling the house he bought four years earlier, Peter decides to simply stop making payments on his mortgage. The bank aggressively tries to collect money from Peter several months later
a. Is the mortgage contract that Peter signed with the bank void, voidable, or binding?