Practice Quiz

Florida Real Estate Exam

Category - Florida

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A voidable contract is one which:

  1. Is valid now but can be avoided by an interested party for due cause
  2. Is binding on neither party and not subject to ratification
  3. Has no force or effect
  4. Is subject to disciplinary action
Explanation
Answer A - A voidable contract is obligatory as to other persons (valid) until it is disaffirmed (avoided) by the person entitled to affirm or disaffirm.

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