Contracts
Which of the following is a valid reason to void a contract?
AOne party simply changes their mind
BThe contract was entered into for an illegal purpose✓ Correct
CThe property appraised lower than expected
DInterest rates increased after signing
Explanation
A contract is void if its purpose or object is illegal. A void contract has no legal effect whatsoever and cannot be enforced by either party. It is as if the contract never existed.
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