Oregon 30-Hour Real Estate Law Practice Test

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Study for the Oregon Real Estate Law Test. Explore multiple choice questions and flashcards with hints and explanations. Prepare for success!

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What type of contract do Rex and Ben have regarding laundering money?

Enforceable
Void
Executory
Unilateral

The correct answer is: Void

In the context of laundering money, the contract between Rex and Ben is considered void. A contract is deemed void when it involves illegal activities or is against public policy. Laundering money is a criminal offense, and any agreement that facilitates or engages in such activity is not legally enforceable. Therefore, not only is the contract invalid, but also neither party can seek legal enforcement or protection under the law regarding that contract. This understanding is crucial in real estate law, as it underscores the importance of legality and ethical practices in contractual agreements.