Florida Real Estate Practice Exam 2025 – The Complete All-in-One Guide to Master Your Exam Success!

Question: 1 / 400

What was the status of the contract when Ken and Debra entered into it?

Executed

Illegal

Void

Voidable

When Ken and Debra entered into the contract, it was voidable. This means that there was no legal impediment preventing the contract from being formed, but there was a possibility that the contract could be canceled due to factors such as lack of legal capacity or lack of genuine consent. Option A, executed, would mean that the contract has been fully performed and is no longer in effect. Option B, illegal, would mean that the contract was formed in violation of the law and is therefore unenforceable. Option C, void, would mean that the contract never had any legal effect and is treated as if it never existed. Therefore, option D, voidable, is the correct answer as it best describes the status of the contract when Ken and Debra entered into it.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Download Florida Real Estate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy