Contracts
A Connecticut real estate contract is found to have been induced by fraud. This contract is:
AVoid and has no legal effect
BVoidable at the option of the defrauded party✓ Correct
CEnforceable as written since it was signed
DAutomatically rescinded under Connecticut law
Explanation
A contract induced by fraud is voidable—the defrauded party has the option to rescind (void) the contract or affirm it. Unlike a void contract (which has no legal effect), a voidable contract is valid until the wronged party elects to cancel it.
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