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ContractsContract_validityMEDIUM

A real estate contract signed under duress is considered:

Correct Answer

B) Voidable at the option of the party who signed under duress

A contract signed under duress is voidable, not void. The party who was coerced may choose to affirm or rescind the contract. Unlike an illegal contract (which is void and unenforceable by either party from inception), a contract entered into under duress has legal effect until the aggrieved party elects to void it. There is no automatic 30-day ratification period under Mississippi law.

Answer Options
A
Void and unenforceable by either party from the outset
B
Voidable at the option of the party who signed under duress
C
Valid and fully enforceable by all parties
D
Automatically ratified and binding if not challenged within 30 days

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Related Topics & Key Terms

Related Topics:

void vs. voidable contractsundue influencecontract elementsrescissionratification

Key Terms:

duressvoidablevoidrescissionvoluntary consentcontract validity
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