Contracts
An Indiana real estate contract that is 'void for illegality' means it was created for an illegal purpose. An example would be:
AA purchase agreement for a home with an unpermitted addition
BAn agreement to purchase property at a price both parties know was obtained by fraud against a third party✓ Correct
CA lease agreement that includes a no-pet clause
DA listing agreement without a termination date
Explanation
A contract for an illegal purpose — such as one that involves known participation in fraud, money laundering, or other illegal schemes — is void from inception and cannot be enforced by either party.
Related Indiana Contracts Questions
- In Indiana, when a purchase contract specifies that closing must occur 'on or before' a stated date, which party bears the risk if closing does not occur by that date?
- An addendum to an Indiana purchase agreement is used to:
- The mailbox rule states that an acceptance of an offer is effective:
- In Indiana, if a seller rejects a buyer's offer and makes a counteroffer, the original offer:
- Which of the following contracts is void ab initio (void from the beginning)?
- A listing agreement in Indiana must contain all of the following EXCEPT:
- A buyer who defaults on a purchase agreement may face:
- Indiana's doctrine of caveat emptor (buyer beware) has been significantly limited in residential real estate by:
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