Contract Basics (Part 2) The Validity of contracts discusses when a contract is valid and what situations can impact the validity of a contract.

Key real estate terms mentioned in this video include:

Valid Contract – A contract that complies with the law and is completely enforceable.
Void Contract – A contract intered into for an illegal purpose
Voidable Contract – A contract that can be terminated by a party to the contract. For example, a minor could terminate a contract until the age of majority.
Unenforceable Contract – A contract that appears to be valid but can’t be enforced in court.
Misrepresentation –
Fraud – A statement made with the into to deceive.
Duress – Making someone do something against their will.
Undue Influence – Taking advantage of another to coerce or intimidate someone into signing a contract.

Best of luck with your studies…

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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

Paul Vojchehoske

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