ContractsPregunta 66 de 120
Which of the following typically makes a contract 'void' rather than merely voidable?
a.One party was a minor
b.It requires performance of an illegal act
c.One party was induced by a misrepresentation
d.One party later changes their mind
Explicación
A contract with an illegal purpose or object is void, meaning it has no legal effect and cannot be enforced by either party. Voidable contracts, by contrast, are valid until one party elects to disaffirm, as with a minor's contract or one induced by fraud. The illegality of the object is a fundamental defect.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- The transfer of one's rights and obligations under a contract to another person is called:
- A contract signed by a minor is generally considered:
- 'Time is of the essence' in a real estate contract means:
- An option contract gives the holder (optionee) the:
- In most residential purchase contracts, the earnest money deposit is:
- A 'meeting of the minds,' essential to contract formation, refers to:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Florida Real Estate Sales Associate Licensing Exam · Cómo revisamos