Contracts
A Vermont real estate contract that is void is:
AValid but unenforceable by one party
BOf no legal effect and cannot be enforced by either party✓ Correct
CValid until one party chooses to rescind it
DEnforceable only in equity, not at law
Explanation
A void contract has no legal effect from its inception — it is as if it never existed. Neither party can enforce it. Examples include contracts for an illegal purpose or contracts without consideration.
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