Contracts
In Texas, a real estate contract that is 'void' differs from one that is 'voidable' in that:
AVoid contracts can be ratified by both parties; voidable contracts cannot
BA void contract has no legal effect from the start; a voidable contract can be affirmed or rescinded by one party✓ Correct
CVoid contracts only apply to commercial property
DVoidable contracts must be cancelled by a court order
Explanation
A void contract has no legal existence or effect (e.g., an illegal purpose). A voidable contract is valid but can be set aside by one party (e.g., a contract made by a minor or induced by fraud). The aggrieved party can choose to affirm or rescind.
Related Texas Contracts Questions
- In Texas, 'specific performance' as a remedy for breach of a real estate contract requires the plaintiff to prove:
- Under Texas contract law, 'consideration' for a real estate contract means:
- A Texas contract addendum for property subject to mandatory membership in a Property Owners Association (POA) is used to:
- In a Texas real estate transaction, 'specific performance' as a remedy means:
- Under Texas real estate law, a 'novation' of a mortgage occurs when:
- In Texas, the TREC-required contract form for a condominium purchase is:
- A Texas real estate sales contract becomes binding when:
- A Texas contract provision stating that 'time is of the essence' means:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →