Contracts
In Maine, a real estate contract that is void from its inception is one that:
ACan be ratified by either party
BHas no legal effect whatsoever and cannot be enforced✓ Correct
CIs enforceable by only one party
DRequires court approval to be cancelled
Explanation
A void contract has no legal effect — it is as if it never existed. Examples include contracts for illegal purposes or those lacking essential elements. Neither party can enforce a void contract.
Related Maine Contracts Questions
- Under Maine law, when a buyer is in default of a purchase contract, the seller's options typically include:
- A Maine buyer and seller sign a purchase agreement for a property with a known roof leak. The seller has disclosed the issue and the buyer agrees to accept the property with the leak. The contract is:
- A Maine seller accepts an offer on their house but dies before closing. What happens to the contract?
- A Maine seller's property is listed at $450,000. A buyer submits an offer at $430,000 with a 10-day financing contingency. The seller makes a counteroffer at $445,000 but changes the financing contingency to 7 days. The buyer's options are:
- In Maine, the doctrine of caveat emptor (buyer beware) has been significantly limited by:
- In Maine, an offer that contains an 'irrevocable' period means the offeror:
- A Maine listing agreement is a contract between:
- In Maine, a purchase and sale agreement signed by a minor is:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →