Contracts
A Kentucky purchase contract is voidable (not void) if it was entered into by a party who was:
AUnder duress
BBoth A and the party can choose to enforce or void the contract
CIntoxicated but not legally adjudicated incompetent
DBoth A and C✓ Correct
Explanation
Contracts entered under duress or by a temporarily impaired party (such as someone who was intoxicated) are voidable at the option of the wronged party, who may choose to enforce or void the contract.
Related Kentucky Contracts Questions
- A Kentucky purchase contract contains a 'merger' clause stating it is the entire agreement between the parties. This means:
- Under Kentucky law, the doctrine of merger holds that after closing:
- Which of the following would render a real estate contract void?
- A land contract (contract for deed) in Kentucky differs from a traditional sale because:
- A counteroffer in a Kentucky real estate transaction:
- A Kentucky buyer who finds a material defect after closing that was not in the seller's disclosure may pursue a claim if:
- In Kentucky, a 'kick-out clause' in a contract that contains a home sale contingency allows the seller to:
- A Kentucky lease agreement states that the tenant must provide 60 days written notice to terminate. If the tenant fails to provide proper notice, they may be liable for:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →