Contracts
In Michigan, a real estate sales contract that fails for lack of consideration is:
AVoidable at the option of the party who gave consideration
BVoid and unenforceable from the beginning✓ Correct
CValid if both parties later agree to add consideration
DEnforceable through the doctrine of promissory estoppel
Explanation
A contract without consideration is void (not voidable) — it has no legal effect from the outset. For a real estate contract to be enforceable, there must be mutual consideration (each party gives something of value).
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