Contracts
In New Jersey, a real estate contract that is 'voidable' means:
AIt is automatically void from the beginning
BOne or both parties have the legal right to rescind the contract under certain circumstances✓ Correct
CIt cannot be enforced by either party
DIt requires NJREC approval to become valid
Explanation
A voidable contract is valid and enforceable unless and until the party with the right to void it elects to do so. Examples include contracts signed by minors or under duress—these can be enforced or rescinded at the option of the protected party.
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