Contracts
In Florida, a 'voidable' contract is one that:
AHas no legal effect whatsoever
BIs valid and binding unless and until one party elects to void it✓ Correct
CCannot be enforced against either party
DIs automatically cancelled after 90 days
Explanation
A voidable contract is a valid contract that can be set aside (voided) at the option of one party (e.g., a minor, or a victim of fraud). Until that party elects to void it, the contract is enforceable. This is distinct from a void contract, which has no legal effect from the start.
Related Florida Contracts Questions
- An assignment of contract in Florida means that:
- In Florida, what must be done for a contract modification to be binding on both parties?
- In Florida, 'time is of the essence' in a real estate contract means:
- A Florida contract contains a clause requiring disputes to be settled by 'binding arbitration.' This means:
- The 'four corners' rule in Florida contract interpretation means that:
- A Florida buyer's offer contains an 'escalation clause' up to $550,000, with a $5,000 increment over competing offers, and the listing price is $490,000. Another buyer offers $515,000. Under the escalation clause, what does the first buyer offer?
- A Florida listing agreement specifies that the seller will pay a commission if a 'ready, willing, and able' buyer is found. This means:
- A Florida seller accepts a buyer's offer. Before the buyer delivers the earnest money, the buyer withdraws the offer claiming it was an 'executory offer' not yet a contract. Is the withdrawal valid?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →