Contracts
What is the legal term for a contract that appears valid but may be set aside by one party due to a legal defect (e.g., signed by a minor)?
AVoid contract
BVoidable contract✓ Correct
CUnenforceable contract
DExecutory contract
Explanation
A voidable contract is one that is binding unless one party (e.g., a minor) elects to void it; it is not automatically void.
Related Maryland Contracts Questions
- In Maryland, a lease-purchase agreement differs from a lease-option in that:
- In Maryland, the doctrine of equitable conversion means that once a sales contract is signed:
- In Maryland, an executed contract is one where:
- In Maryland, earnest money held by a broker must be deposited into:
- A Maryland contract that is 'voidable' differs from one that is 'void' in that:
- In Maryland, a 'hold harmless' clause in a buyer-broker agreement typically protects the broker from:
- A Maryland buyer submits an offer with an earnest money deposit check. Before the seller accepts, the buyer calls to withdraw the offer. The earnest money check:
- In Maryland, a real estate contract signed by a minor is generally:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →