ContractsMEDIUM
When a listing involves a court-declared incompetent person, the contract is:
Correct Answer
C) Void
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.
Answer Options
A
RenegotiableB
Unaffected (verbal contract)C
VoidD
Unaffected (good faith)Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-elementsguardianship-real-estatevoid-vs-voidable-contracts
Key Terms:
void contractlegal capacitycourt-declared incompetentcontract formationvoidable vs void
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