In Delaware, a contract signed under duress is:
Why Voidable at the option of the party who signed under duress Is Correct
Answer B: Voidable at the option of the party who signed under duress
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
People Also Study
Related Delaware Questions
- What does 'mutual assent' mean in the context of a Delaware real estate contract?Contracts
- What is 'mutual assent' (meeting of the minds) in a Delaware real estate contract?Contracts
- What is a 'void contract' versus a 'voidable contract' in Delaware real estate law?Contracts
- Under Delaware law, an executed contract is one that has been:Contracts
- A condemnation action in Delaware terminates the owner's property rights through:Property Ownership
- If a Delaware seller fails to provide the required property disclosure, the buyer may:Delaware License Law
- In Delaware, which party in a land contract (contract for deed) holds legal title during the contract term?Property Ownership
- The Delaware Seller Disclosure of Real Property Condition Act requires sellers to:Delaware License Law
Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →