ContractsCâu 64 / 100
A void contract is one that:
a.Can be enforced by either party
b.Is valid until one party cancels it
c.Has no legal effect and cannot be enforced by anyone
d.Requires only oral agreement
Giải thích
A void contract has no legal force from the outset, often because its purpose is illegal or an essential element is missing. Neither party can enforce it. This contrasts with a voidable contract, which is valid until the protected party chooses to disaffirm it.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A net listing, which is discouraged or restricted in many states, is one where the broker's commission is:
- Specific performance is a legal remedy in which a court orders:
- The cancellation of a contract that returns the parties to their positions before it was formed is called:
- In many New York residential transactions, attorneys review and negotiate the contract of sale before it becomes binding during a period informally called:
- The transfer of a contract's rights and duties to another party, where the original party may remain secondarily liable, is:
- Consideration in a contract refers to:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với New York Real Estate Salesperson Licensing Exam · Quy trình kiểm tra