Contracts
A West Virginia purchase contract that is 'voidable' means:
AThe contract is immediately void and unenforceable
BOne party has the right to rescind the contract due to a legal defect✓ Correct
CThe contract requires court approval to be enforced
DBoth parties can walk away for any reason
Explanation
A voidable contract in West Virginia is one that is valid and enforceable unless one party (who has a legal defect such as minority, incapacity, or fraud) chooses to rescind it. Only the aggrieved party can void the contract.
Related West Virginia Contracts Questions
- A West Virginia real estate purchase agreement must include a 'legal description' of the property to be enforceable because:
- A West Virginia addendum modifying a previously signed purchase contract is valid when:
- Under West Virginia contract law, 'consideration' in a real estate purchase agreement is most commonly provided by:
- In West Virginia, which party in a real estate transaction typically drafts the initial purchase offer?
- Which clause in a West Virginia purchase contract allows the seller to continue marketing the property and accept a better offer if the current buyer's contingencies are not met?
- A West Virginia real estate contract includes an 'as-is' clause. This means the buyer:
- A seller in Huntington, WV accepts a buyer's offer but the buyer has not yet signed. At this point the contract is:
- In West Virginia, a buyer's purchase offer states 'this offer expires at 5:00 PM on Friday.' The seller signs and returns the acceptance at 7:00 PM Friday. There is:
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →