Contracts
A South Dakota contract that is 'void' differs from one that is 'voidable' in that a void contract:
ACan be ratified by one party to make it valid
BHas no legal effect from the start and cannot be enforced by either party✓ Correct
CIs enforceable by the non-breaching party only
DIs automatically valid once the parties have substantially performed
Explanation
A void contract has no legal effect — it never existed as a valid contract (e.g., illegal purpose). A voidable contract is valid but can be cancelled by one party (e.g., a minor's contract).
Related South Dakota Contracts Questions
- In South Dakota, what is the legal effect of a 'contingency' in a real estate purchase contract?
- In South Dakota, an 'appraisal contingency' in a purchase agreement protects the buyer by:
- Under South Dakota contract law, 'consideration' in a real estate contract can consist of:
- In South Dakota, a 'letter of intent' (LOI) for a commercial property is typically:
- In South Dakota real estate, a 'backup offer' is:
- Under the South Dakota Seller's Property Condition Disclosure, which statement about the seller's obligations is TRUE?
- In South Dakota, which of the following best describes a 'breach of contract'?
- A South Dakota buyer makes an offer on a property. Before the seller responds, the buyer sends a written revocation. The contract:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →