Contracts
In New Mexico, a contract that is 'void ab initio' is one that:
ACan be enforced by either party
BHas never been legally valid from the beginning✓ Correct
CCan be ratified by a subsequent act
DIs enforceable but can be voided at the election of one party
Explanation
Void ab initio ('void from the beginning') contracts were never legally valid due to illegality, lack of capacity of all parties, or other fundamental defects. They cannot be ratified or enforced.
Related New Mexico Contracts Questions
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