Contracts
Under Tennessee law, a real estate purchase contract that is 'voidable' means:
AThe contract is automatically void and unenforceable
BOne party has the right to rescind the contract but the contract is otherwise valid✓ Correct
CBoth parties must agree to void the contract
DA court must declare the contract void
Explanation
A voidable contract is valid and enforceable unless the party with the right to void (e.g., a minor) elects to rescind it. This differs from a void contract, which has no legal effect.
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