Contracts
A contract that appears valid on its face but can be voided by one of the parties is called:
AVoid contract
BVoidable contract✓ Correct
CUnenforceable contract
DValid contract
Explanation
A voidable contract is one that is valid and enforceable unless one party elects to void it. Examples include contracts signed by a minor or obtained through fraud or duress.
Related Arkansas Contracts Questions
- When a seller accepts a buyer's offer with changes to the terms, this is considered a:
- A contract provision that states that if either party litigates, the loser pays attorney's fees is called a/an:
- A buyer's representation agreement should specify:
- A 'kick-out clause' (release clause) in a real estate contract allows:
- In a sale-leaseback transaction, the original property owner:
- Rescission of a contract means:
- A 'gross lease' structure means that the tenant pays a fixed rent while the landlord pays:
- Consideration in a real estate contract must be:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →