Real Estate U Texas Promulgated Contract Forms | 285 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 60 Pages

To have no force or effect is referred to as a .......... contract? Void Valid Enforceable Executed - Void That which is capable of being adjusted void, but is not unless action is taken to make it so, is referred to as a/an ............ contract? Unenforceable Voidable Executed Expired - Voidable In order to be considered a competent party, an individual must be of the age of the...? Majority Minority Other party None of the above - Majority A contract in which one of the parties is a minor is considered a...? Void contract Executed contract Voidable contract Waived contract - Voidable contractA contract in which there is fraud by either commission or omission is voidable by the...? Either the non-fraudulent or fraudulent party Fraudulent party The contract is not voidable Non-fraudulent party - Non-fraudulent party