Contracts
A voidable contract is one that:
AHas no legal effect from the beginning
BMay be affirmed or rejected at the option of one of the parties✓ Correct
CIs illegal and unenforceable by any party
DMust be canceled by a court order
Explanation
A voidable contract is valid and enforceable but may be rescinded by one party due to a defect (such as minority, fraud, duress, or mistake). The party with the right to rescind may choose to affirm or void the contract.
Related California Contracts Questions
- Rescission of a contract means:
- An earnest money deposit in a purchase contract is typically held by:
- A contingency in a real estate contract:
- An offer is revoked before acceptance. This is legally:
- A buyer submits an offer on a home. Before the seller accepts, the buyer withdraws the offer. What is the result?
- When a buyer makes an offer and the seller changes one term of the offer and sends it back, this is legally a:
- Under California law, which of the following is NOT a required element for a valid real estate contract?
- What is 'specific performance' as a legal remedy in real estate contracts?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →