EstatePass
ContractsContract ValidityEASY

Which of the following would make a West Virginia real estate contract void?

Correct Answer

B) A contract to purchase a property for money laundering

A contract with an illegal purpose is void from inception. A contract to use property for illegal activity lacks the essential element of lawful purpose and is therefore void and unenforceable by either party.

Answer Options
A
A unilateral mistake about the property's value
B
A contract to purchase a property for money laundering
C
The buyer's failure to inspect the property
D
The seller's refusal to make requested repairs

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Contracts Question

Sign up free to unlock full analysis

Background Knowledge for Contracts

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Contracts

Sign up free to unlock full analysis

Common Mistakes to Avoid on Contracts Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

lawful-purposecontract-classificationvoidable-comparison

Key Terms:

voidillegal purposeno effectvoid ab initio

Related Concepts

A purchase agreement is a legally binding contract between a buyer and seller that outlines the terms and conditions for the sale of real property. It is also commonly called a sales contract, purchase and sale agreement, or earnest money agreement.

Specific performance is a court-ordered remedy that compels the breaching party to fulfill their obligations under the contract rather than simply paying monetary damages. It is an equitable remedy used when monetary damages would be inadequate.

The Statute of Frauds is a legal requirement that certain types of contracts must be in writing and signed to be enforceable. In real estate, all contracts for the sale of land or interests in land must be in writing.

Was this explanation helpful?

More Contracts Questions

People Also Study

Related Articles

Contracts Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing