Contracts
An Iowa real estate contract is said to be 'void' when:
AOne party can choose to cancel it
BIt was never legally valid or enforceable from the beginning✓ Correct
CIt has been fully performed by both parties
DThe buyer fails to close on time
Explanation
A void contract has no legal effect from the start—it is as if no contract was ever made. Examples include contracts for illegal purposes or made by persons who completely lack legal capacity.
Related Iowa Contracts Questions
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