Contracts
A NH contract for the sale of real estate that is 'void' differs from one that is 'voidable' in that:
AA void contract can be ratified by one party; a voidable contract cannot
BA void contract has no legal effect from the beginning; a voidable contract is valid until rescinded by the injured party✓ Correct
COnly courts can declare a contract void; voidable contracts are canceled by NHREC
DThere is no practical difference between void and voidable contracts
Explanation
A void contract has no legal effect and cannot be enforced by either party (e.g., an illegal contract). A voidable contract is valid and enforceable unless the party with the right to void it (e.g., a minor or fraud victim) chooses to rescind it. The distinction matters significantly in contract disputes.
Related New Hampshire Contracts Questions
- A NH purchase and sale agreement that is recorded in the county registry of deeds provides:
- A 'kick-out clause' in a NH purchase and sale agreement allows the seller to:
- Which type of listing agreement is considered most legally problematic and not recognized in New Hampshire?
- A New Hampshire buyer who performs all required steps and is ready, willing, and able to close but the seller refuses to convey title may sue for:
- What is the legal remedy of 'specific performance' in a real estate contract dispute?
- Which listing type gives the listing broker the right to a commission even if the seller sells the property themselves?
- An escalation clause in a NH purchase offer allows the buyer to:
- Earnest money deposited under a New Hampshire purchase and sale agreement is typically held by:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →