Contracts
A void contract in Nebraska real estate is:
AA contract that one party can choose to cancel
BA contract with no legal effect from the outset — not enforceable by either party✓ Correct
CA contract that expires after 90 days
DA contract requiring notarization to be enforceable
Explanation
A void contract has no legal effect — it is not a contract at all. Examples include contracts for illegal purposes or those lacking essential elements. Neither party can enforce it.
Related Nebraska Contracts Questions
- A Nebraska seller who misrepresents the condition of their property on the SPCDS may be liable for:
- An appraisal contingency in a Nebraska purchase agreement protects the buyer by:
- Which of the following is NOT an essential element of a valid real estate contract in Nebraska?
- A real estate licensee who prepares a purchase agreement is NOT practicing law when they:
- A Nebraska purchase agreement's financing contingency protects the buyer if:
- The parol evidence rule prohibits the use of prior oral agreements to:
- An option contract in real estate gives the optionee (buyer) the right to:
- An escalation clause in a purchase offer automatically:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →