Contracts
Which element makes a contract 'void' as opposed to 'voidable'?
AOne party was a minor
BOne party was under duress
CThe contract was for an illegal purpose✓ Correct
DOne party lacked full mental capacity
Explanation
A contract is void (has no legal effect from the outset) when it is formed for an illegal purpose. Contracts with minors or parties under duress are typically voidable — they can be enforced or disaffirmed at the option of the protected party.
Related Rhode Island Contracts Questions
- What is 'earnest money' in a Rhode Island real estate transaction?
- A right of first refusal in a Rhode Island real estate transaction gives the holder the right to:
- What is 'assignment' of a contract in Rhode Island real estate?
- A Rhode Island listing agreement is best described as:
- Under Rhode Island law, a contract entered into by a minor (under 18) to purchase real property is:
- A real estate contract that requires the performance of an impossible act is:
- A buyer's offer specifies that the seller must accept by 5:00 PM on Friday. The seller signs and mails the acceptance Thursday evening but it arrives Monday. Is there a contract?
- What happens to a Rhode Island real estate contract if it is found to have an illegal purpose?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →