Contracts
In South Dakota, a real estate contract that violates public policy (such as a contract to discriminate in a real estate transaction) is:
AVoidable at one party's option
BVoid and unenforceable from the outset✓ Correct
CValid until challenged in court
DEnforceable only by the party who benefits
Explanation
Contracts that violate public policy or are illegal in purpose are void ab initio (from the beginning) — they have no legal effect and cannot be ratified or enforced.
Related South Dakota Contracts Questions
- A buyer submits an offer. Before the seller accepts, the buyer changes their mind and withdraws the offer. This is an example of:
- In South Dakota, a buyer who needs more time to close a real estate transaction should request:
- A South Dakota purchase agreement has a 'time is of the essence' clause. This means:
- In South Dakota, the 'consideration' in a real estate purchase contract typically consists of:
- In South Dakota, an offer to purchase real estate 'lapses' (expires without acceptance) when:
- Under South Dakota contract law, 'consideration' in a real estate contract can consist of:
- In South Dakota real estate practice, a counteroffer by the seller:
- South Dakota's Uniform Electronic Transactions Act (UETA) provides that electronic signatures in real estate contracts:
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