A Court Will Review a Contract for Validity Even If

question 17

True/False

A court will review a contract for validity even if it contains an arbitration clause.

---

Definitions:

Lease Agreement

A legal contract between a lessor and lessee that outlines the terms and conditions under which a property is rented.

Purchase Options

are contracts granting the buyer the right, but not the obligation, to buy an asset at a predetermined price within a specific timeframe.

Dormant Minerals Statute

Legislation that allows for the reversion of mineral rights to the surface owner if those rights have not been exercised or leased for a certain period.

Surface Owner

An individual or entity that holds the rights to the surface estate of a piece of land, which may include the power to use and develop the land above ground.