Contracts
What is the difference between a void and voidable contract in Pennsylvania real estate?
AA void contract can be ratified by both parties; a voidable contract cannot
BA void contract has no legal effect from the start and cannot be enforced; a voidable contract is enforceable unless the injured party chooses to rescind✓ Correct
CThere is no legal distinction between void and voidable in Pennsylvania contract law
DA voidable contract must be voided through PREC's dispute resolution process
Explanation
A void contract has no legal effect from inception — it is as if it never existed and cannot be ratified or enforced by either party (for example, a contract for an illegal purpose). A voidable contract is initially valid and enforceable, but one party has the right to rescind it due to a legal defect such as fraud, misrepresentation, duress, undue influence, or lack of capacity. In Pennsylvania real estate, a contract with a minor is voidable at the minor's option but enforceable by the adult.
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