Contracts
Under NJ law, a void contract is one that:
ACan be rescinded by either party
BHas no legal effect from the beginning and cannot be enforced by either party✓ Correct
CIs valid but for a missing element
DCan be ratified by an adult after reaching majority
Explanation
A void contract is without legal effect from its inception—as if it never existed. Examples include a contract for an illegal purpose. Neither party can enforce a void contract. This differs from a voidable contract, which is enforceable unless rescinded.
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