Contracts
Which of the following would make a real estate contract illegal and therefore void in Georgia?
AA. A contract signed by both parties without a witness
BB. A contract to sell property located in a flood zone without disclosure
CC. A contract where the agreed purpose violates a statute or public policy✓ Correct
DD. A contract signed under time pressure
Explanation
A contract whose purpose is illegal (violating statutes or public policy) is void. For example, a contract to fraudulently convey property to evade creditors is void as illegal.
Related Georgia Contracts Questions
- Under Georgia law, a contract for the sale of real property that contains a material misrepresentation by the seller may be:
- A buyer's right to inspect property under the GAR Due Diligence Addendum includes the right to:
- An earnest money dispute between buyer and seller in Georgia is typically resolved by:
- A unilateral contract in real estate is exemplified by:
- The doctrine of merger in real estate law means that once a deed is delivered at closing:
- A GAR contract provides for a specific closing date, but the parties cannot close by that date. What typically happens?
- Under a Georgia purchase contract, earnest money is typically held by the:
- When calculating prorations at closing in Georgia, the closing day is traditionally charged to:
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