Contracts
In Michigan, a real estate purchase contract is void if it lacks:
AA specific closing date
BLegal purpose — an agreement to perform an illegal act cannot be enforced✓ Correct
CA financing contingency
DA home inspection clause
Explanation
A valid contract requires, among other elements, a lawful purpose. A contract to perform an illegal act is void ab initio (from the beginning) and cannot be enforced by either party.
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