Massachusetts Real Estate License Practice Test

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Prepare for the Massachusetts Real Estate Exam. Master essential concepts with flashcards and multiple-choice questions. Each question offers hints and explanations to boost your confidence. Get ready to pass!

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Which term describes a contract that is missing one or more elements and is not enforceable?

Voidable
Void
Breach of contract
Enforceable

The correct answer is: Void

A contract that is missing one or more essential elements necessary for it to be valid is termed "void." For a contract to be enforceable, it must contain all the requisite elements: offer, acceptance, consideration, capacity, and lawful purpose. When an element is missing, the contract fails to create any legal obligations or rights for the parties involved. Therefore, it is as if the contract never existed in a legal sense, rendering it void. This term is distinct from "voidable," which refers to a contract that may be rendered unenforceable at the option of one party but is otherwise valid unless that party chooses to void it. "Breach of contract" pertains to the failure to perform according to the contract terms, while "enforceable" describes a contract that meets all legal requirements and can be upheld in a court of law.