Contracts Practice Question | Real Estate Exam | EstatePass

Contracts

When a listing involves a court-declared incompetent person, the contract is:

A

Renegotiable

B

Unaffected (verbal contract)

C

Void

D

Unaffected (good faith)

Explanation

A contract entered into by a person who has been legally declared incompetent by a court is void from the beginning, as they lack the legal capacity to contract.

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